Gold Breaks Through Four Thousand
9m
Gold topped $4,000 an ounce for the first time on global markets as investors sought safe havens amid a US government shutdown and broader geopolitical and economic uncertainty.
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
…at or near record highs.
In effect, and for the reasons I’ve outlined both in previous articles and here during gold’s remarkable recent ascent, this development is less about “unease in financial markets” and, in part, more about an attempt by some to…
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In effect, and for the reasons I’ve outlined both in previous articles and here during gold’s remarkable recent ascent, this development is less about “unease in financial markets” and, in part, more about an attempt by some to…
2 of 3.
This is the type of headline you’d expect when gold prices hit a milestone record high, as they did this morning. Yet, as noted in yesterday’s posts and several earlier ones, this surge is occurring alongside “risk-on” indicators — such as the S&P, NASDAQ, Russell, and others — also trading…
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