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IPFS News Link • Gold and Silver

$15 Trillion Cashnami Crashes Dollar In 2020, Sparks Gold's Best Year In A Decade

• https://www.zerohedge.com, by Tyler Durden

Which is an oddly coincidental number given that global liquidity has soared around $15 trillion in 2020...

That kind of 'tsunami' hasn't historically ended well (in the movies)...

While much of the world grappled with soaring unemployment and plunging growth, Bloomberg notes that the 0.001% benefited from an unprecedented period for wealth creation. The world's 500 richest people added $1.8 trillion to their combined net worth in 2020 for a total of $7.6 trillion, according to the Bloomberg Billionaires Index. Equivalent to a 31% increase, it's the biggest annual gain in the eight-year history of the index and a $3 trillion jump from the market's nadir in March.

The dollar stands out in 2020 across asset classes but bonds and bullion outperformed...

The US topped China for the year with Europe lagging behind...

In Europe, only Germany's DAX managed a positive year with Spain's IBEX the biggest laggard...

A huge surge in November and December sent Small Caps above most of their peers in the US (from being the worst), rising over 18% in 2020 (after a 24% gain in 2019). Only Nasdaq beat them with its insane 47% rise (after a 38% rise in 2019). The Dow lagged, rising just 6.5%... NOTE - there has only been 2 down years for the S&P in the last 11 years...


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