The recent collapse in world trade volume is the worst since the financial crisis and as dangerous as during the dot-com bubble of the early 2000s, according to The Telegraph.
Data from the CPB Netherlands Bureau for Economic Policy Analysis revealed that world trade volume dropped 1.8% in the three months to January compared to the preceding three months as a synchronized global downturn gained momentum.
“An industrial slump has been triggered by a perfect storm of factors, including China’s slowdown, the car industry downturn, Brexit paralysis and Donald Trump’s attempt to upend the international trade system with tariffs on European and Chinese goods,” explained The Telegraph.
A further escalation of the trade war between the U.S. and China could spark a world trade recession. Already, Washington has imposed steep tariffs on Chinese imports worth $250bn in a tit-for-tat battle with industrial centers in Asia and Germany experiencing sharp drops in trade in recent months.
The Telegraph describes the sudden loss in trade momentum is equivalent to the months after the dot com bubble imploded in 2001 when trade volumes sank as much as 2.2%. Today’s current move is the biggest fall since the financial crisis of 2007–2008 when global trade plummeted, diving as much as 12.7%.
The International Monetary Fund warned last week that this is a “delicate moment” for the global economy as many countries are in the midst of a severe slowdown.
The global economy has “lost further momentum” in the last six months, said IMF Managing Director Christine Lagarde.
Lagarde pinned trade volume deterioration on decelerating global growth and “the impact of increased trade tensions on spending” on producer goods.
The global downturn in trade is widespread geographically. The synchronized slowdown is expected to stabilize beyond 2020; however, in the meantime, it’s likely the world could be headed for a trade recession, if not already in one.
Secure Storage In Zurich For Free For Six Months
Until this Thursday (April 18), when you invest the minimum amount of $€£ 10,000 (no maximum) in physical gold and or silver for storage in our Loomis vaults in Zurich, Switzerland, you will pay zero storage fees for the first six months from the date of your purchases. This applies to all investments for Secure Storage in Zurich.
All gold and silver is stored in professionally managed, specialist, high security precious metals vaults. In addition to this gold and silver stored in GoldCore Secure Storage is stored on a fully allocated and fully segregated basis – the safest way to store precious metals – ensuring liquidity, competitive pricing and ownership.
Complimentary Silver Bullion Coin
In addition to the 6 months’ worth of free Secure Storage we also appreciate that our clients enjoy seeing and holding their precious metals and that’s why we will also be delivering to you fully insured, a freshly minted, 2019, one ounce, legal tender, silver bullion coin. You can choose between two of the world’s most popular silver coins: the 2019 American Silver Eagle or the beautifully minted 2019 British Silver Britannia.
Complimentary Book
Because our mission is to ensure that our clients and community are kept informed and protected, each order also comes with a copy of “The New Case for Gold”, the fascinating and insightful book by gold expert and New York Times Best Selling author Jim Rickards.
More information about and if you wish to avail of the offer simply wire funds and transact online or on the phone by close of business this Thursday (1700, April 18). Mention the Exclusive Offer code ‘offermarch2019’ on the phone or by email –
News and Commentary
Exclusive Offer Information Here – Offer Ends This Thursday (April 18)
Gold Prices (LBMA PM)
16 Apr: USD 1,283.75, GBP 981.30 & EUR 1,137.40 per ounce
15 Apr: USD 1,286.75, GBP 982.43 & EUR 1,137.23 per ounce
12 Apr: USD 1,296.15, GBP 991.68 & EUR 1,146.06 per ounce
11 Apr: USD 1,304.65, GBP 997.01 & EUR 1,152.43 per ounce
10 Apr1: USD 1,304.80, GBP 998.04 & EUR 1,157.44 per ounce
09 Apr: USD 1,303.00, GBP 995.13 & EUR 1,155.00 per ounce
Silver Prices (LBMA)
16 Apr: USD 14.94, GBP 11.42 & EUR 13.22 per ounce
15 Apr: USD 14.93, GBP 11.39 & EUR 13.20 per ounce
12 Apr: USD 15.06, GBP 11.51 & EUR 13.31 per ounce
11 Apr: USD 15.25, GBP 11.66 & EUR 13.53 per ounce
10 Apr: USD 15.25, GBP 11.66 & EUR 13.53 per ounce
09 Apr: USD 15.25, GBP 11.66 & EUR 13.53 per ounce
