North American gold-backed funds added 53.3 tonnes of gold to their holdings, valued at $7.7 billion. It was the region’s third-largest monthly inflow on record.
The World Gold Council reported a few days ago that global gold-backed ETFs attracted $18 billion in August; this is the second-largest monthly inflow on record.
Silver and gold prices were rallying again, and in this week’s show, Eric Young, joins me to share what’s happening in the gold and silver markets from an Eastern perspective.
The underlying question, according to Maharrey, is not whether governments will continue to borrow and spend, but how long markets will tolerate the consequences.
If the US government continues to make investment deals with foreign governments, the need to protect the investments could become a reason for deployment of US troops abroad.
