In the West, central bank decisions and economic data remain at the forefront of buyers’ minds. Central banks, institutions, and consumers are focused on gold accumulation in the East.
Jim Rickards points out that you can’t have a price that’s too high. If so, investors would sell gold for dollars and spend freely. If the price is too low, people will hoard gold.
Fed heads chirped in saying they're in no hurry to raise rates. Stock and bond markets are insane in their fantasy that the Fed will quickly lower rates in a helicopter rescue operation.
If the Fed is willing to consider rate cuts with sticky inflation, what will the central bankers do when the economy breaks? Rate cuts are a pivot back to inflationary policies. The eulogy for inflation is premature.
Sutton's book, "The War On Gold" is a reminder of his comment: "Governments know the value of gold but try to dissuade private ownership. That tells you something."
Maharrey delves into the topic of Franklin D. Roosevelt's gold confiscation during the Great Depression, framed within a broader discussion of government power and individual compliance.
The U.S. and its allies have suppressed the gold prices. Gold derivatives are to a great extent just naked short positions against the metal; there is very little real metal backing what is called "paper gold."
The caviar view I’ve presented: Inflation is not hitting the price of caviar as much as it is hitting the price of coffee and cocoa. So, it’s not hitting the rich as much as the rest.
Dent Jr. notes gold tends to perform well during crises, and with India poised to become the next major gold consumer, its demand is expected to rise significantly.
At the aggregate level, all four major electronics fabrication hubs around the world recorded a year-on-year increase in gold demand during the first quarter.
