Alasdair Macleod, head of research at Goldmoney says, "Under $2,000, gold is a bargain;" he offers enticing and keen insights on the escalating conflicts in the Middle East and the implications to financial markets and gold.
Please note: some explicit language and the political opinions expressed by our guest do not necessarily reflect those of Goldseek.com or it's employees.
- Alasdair is increasingly alarmed by the Middle East conflict.
- Bond yields are rising, lowering the likelihood of Fed Rate cuts.
- Could higher rates also threaten the 14 year, equities bull market?
- The PMs mining sector may be undervalued.
- Alasdair reviews several of the key financial charts in video context.
- Silver may represent a valuation opportunity, relative to gold.
- Is gold a bargain under $2,000?
I think the problem is that there is just such a lack of interest in the paper markets, I mean, we know what's happening to the buillion. You want to buy bullion in size, just join the queue, mate. But when it comes to the paper price, they played ducks and drakes with it.
He continues:
Silver is actually considerably more oversold technically in the paper markets than gold. So I think we're a situation – I mean while I say: Don't rule out a dip below the $2000 level [because] my God, that would be a buying opportunity if we do see it. So, it's good news, bad news if you like, in that sense. But I mean, I tend not to write for traders.
...you've got to think in terms of what are gold and silver. They are not just pure commodities. They are legal physical money with no counterparty risk and particularly gold – and why the central bank's accumulating [them]. They're accumulating them because they know this and they would rather have it than dollars. The interesting thing is, if you look at what the People's Bank of China have been doing, they have been selling dollars to buy gold.
- Risks and financial exposure are increasing, along with interest rates.
- Is the global banking system teetering on the edge of a precipice?
- Alasdair's Substack, Free and Paid.
- Please support the show via the new Substack with Gold Juniors and Bitcoin Investments.
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
