Fidelity International trimmed its gold holdings earlier this year as the yellow metal corrected and traded sideways after the onset of the U.S.-Iran conflict.
If gold was removed from the monetary system over five decades ago, why are central banks now buying it at the fastest pace since the Bretton Woods era?
So my view continues to be some representation of the 2003-2008 phase, where we may make a lot of money (funny munny) prior to a terrible liquidation out there somewhere on the horizon.
Morgan had been watching the $4,000 level, but with the metal reaching roughly $4,500, gold had moved more than 10 percent above that threshold in only a matter of weeks.
An asset acquired for speculation should have rules governing position size, valuation and exit. An asset held for insurance or long-term preservation should not be judged solely by whether it outperformed...
It’s GLOBAL and out of control, and it’s tearing the national debt apart, spiking everyone’s interest rates on everything all over the world, boosting inflation, and likely incinerating the dollar.
