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In the monthly podcast of Holland Gold with Geotrendlines, Robert Snijder van Wissenkerke talks to Frank Knopers about new rent regulation in the Netherlands. On 25 April, the Affordable Rent Act was approved by the House of Representatives by a large majority. According to Frank, this will not solve anything and will only lead to new problems in the housing market. In the conversation, he explains why.
In addition, the large fall in the value of the Japanese yen is discussed, as the currency reached its lowest level against the US dollar since 1990 last Friday. What is going on and what does the weak yen mean for the Japanese economy, which is burdened by high debt? And does the Bank of Japan still have options to defend the currency?
The gentlemen also discuss Janet Yellen's statements about China. She said China is guilty of "overproduction," adding a new chapter to the trade war between China on the one hand and Europe and the U.S. on the other. Frank puts Yellen's criticism in a different perspective and talks about an upcoming visit by Xi Jinping to Europe.
The gold market is also discussed in the podcast. In the first quarter, central banks again purchased a record amount of gold. Furthermore, we see that more and more countries are recovering their gold from the US, including Ghana and Nigeria. What does this say about confidence in the monetary system? Finally, I asked Frank what he expects from the Bitcoin and the silver price. Which of these two has the most potential?
