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

Read more on this subject: Gold and Silver
News Story Source: 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…

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