Investors Push Gold Above $4,000
9m
Gold reached a record above $4,000 per ounce on Wednesday as investors worldwide piled into the metal amid economic and geopolitical uncertainty and US government shutdown fears.
Reposted by: Paul Krugman
I’ve been worried a lot that this is right. Gold is skyrocketing in value because the world is losing faith in the role of US as guarantor/backstop of global economy open.substack.com/pub/paulkrug...
Ingots We Trust
Are soaring gold prices telling us something important?
open.substack.com
Reposted by: Nouriel Roubini
Value of the Eurosystem's gold holdings as of August: €1 trillion.
The increase is due to valuation effects, of course. Still, not quite sure what to make of this.
The increase is due to valuation effects, of course. Still, not quite sure what to make of this.
#Gold prices at an all time high! @charlescollymore.bsky.social and I explain the surge in @econofact.bsky.social - driven by uncertainty and Central Banks econofact.org/why-has-the-...
Why Has the Price of Gold Risen So Sharply? | Econofact
Gold has a long history of being held as a financial asset by private investors and central banks, which can be the source of large shifts in its price.
econofact.org
Reposted by: Nouriel Roubini
No stopping the price of gold for now:
Up more than 50% so far this year, it has more than doubled over the past two years.
Consistent buying by some foreign central baks is being reinforced by growing institutional and retail allocations, and a more volatile speculative overlay.
#gold #markets
Up more than 50% so far this year, it has more than doubled over the past two years.
Consistent buying by some foreign central baks is being reinforced by growing institutional and retail allocations, and a more volatile speculative overlay.
#gold #markets
Not in my portfolio, but not crazy. Note however that it's at all-time (inflation adjusted) highs and can fall a lot if the US economy falters. Also, taking physical possession comes with many added costs, and proxies are not always reliable.
www.macrotrends.net/1333/histori...
www.macrotrends.net/1333/histori...
Gold Prices - 100 Year Historical Chart
Interactive chart of historical data for real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month a...
www.macrotrends.net