The BIS still holds 102 tonnes of its own gold; second, that very little of its activities in derivatives (presumably including gold swaps) are with major central banks and hence are almost certainly with commercial bullion banks; and third, the gold...
With inflation raging and the price of gold seemingly not keeping pace with rising rates, articles suggesting that gold is no longer a valid hedge against inflation or preservation..
The Fed only has SOME control and SOME of the blame in those listed factors, but its engineered recovery from the Great Recession and then from the Covidcrisis was going to fail ultimately because you cannot pump..
My initial thoughts on 2023 are that it will be much like 2010 and 2019, years where an early or unexpected Fed pivot to loosening and QE drove strong gains in the COMEX precious metals. That part of the next twelve months seems a certainty. The only question is...
Gold, silver, and other tangible assets can’t go bankrupt and always hold value. In a world of perpetual growth and easy money that doesn’t sound too compelling.
The showdown between NATO and Russia quickly spiral out of control. "My greatest concern - they take us to war." Due to massive national debt levels, "There's going to be a collapse."
Inflation, deep recession, war, disease and political unrest are just a few of the factors that could bring a badly limping financial system down. But suppose the global picture were to brighten significantly?
FOMO or Fear of Missing Out has started in gold, silver, and copper. More and more retail traders are now investing or will buy on dips. Risk appetite has risen.
The US Federal Reserve continues to grapple with inflation, which at 7.7% (October CPI) is more than triple the Fed’s 2% target, without causing a recession by lifting interest rates too high.
Now, I’m going to dissect the pig to fully reveal the lie. I stated in that last article that the lie was the inflation number used to back inflation out of GDP ...
