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“O Gold! I still prefer thee unto paper, Which makes bank credit like a bark of vapor.” – Lord Byron, Don Juan.
As the interlude in the trade war has ended, so have markets once again entered crisis mode. US President Donald Trump announced new plans on additional tariffs on Chinese goods which were subsequently followed by the Chinese government allowing its currency to fall to a level that has not been seen since 2008.
This was followed by larger-than-expected rate cuts in New Zealand, India, and Thailand. All of this preceded a sell-off in