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October Gold News 2020


Venezuela's $1 billion of gold still in limbo with Bank of England

Venezuela's $1 billion of gold still in limbo with Bank of England

A British appeals court has overruled a decision which legitimised the UK government backing Juan Guaidó as the legitimate president of Venezuela, rather than the incumbent Nicolas Maduro.

Maduro, socialist successor to Hugo Chavez, is seeking to withdraw all of Venezuela's gold from the Bank of England – approximately $1 billion – but the UK government has so far denied Venezuela access, citing alleged electoral interference based on claims made in the South American nation.

US election 2020: The silver price and the Green New Deal

US election 2020: The silver price and the Green New Deal

In this article, we continue on from last week's gold forecasting and move on to discussing silver - particularly focusing on the proposed Green New Deal by Democrats Bernie Sanders and Alexandria Ocasio-Cortez. We assess how 'President Biden' could adopt such a scheme to satisfy America's Left, as well as provide public investment as part of an approach to steer the US away from recession like many European nations are currently facing.

US election 2020: What could happen to the gold price?

US election 2020: What could happen to the gold price?

The US Presidential Election takes place in under a month on November 3rd, and many investors are wondering what impact the vote will have on the gold price, as well as other precious metals.

As things stand, former Vice President Joe Biden has a lead in the polls over the incumbent President Donald Trump, but polling is never wholly accurate and many choose not to disclose when they are voting for conservative candidates in elections. 

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