Inflation dominates Venezuela’s economy, which has fallen into a deep recession of prices doubling roughly every 18 days. Frank Holmes explains how oil-rich Venezuela has been selling off its gold reserves to help pay debts. The yellow metal has held far more value than the nation’s own currency, the bolivar. Frank calls this gold’s Fear Trade, where demand for gold rises during times of hyperinflation when fiat currency values drop.
For Frank’s full explanation, watch the video below!
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