Maharrey argued wars often give gold and silver an initial safe-haven bump, but over time, monetary policy tends to matter more. In his view, the Federal Reserve remains the key driver.
While the market digests recent excesses, the underlying case for gold—as a hedge against debt, fragmentation, and geopolitical risk—continues to strengthen.
The surging gold price was likely a factor in slowing central bank gold accumulation. As the World Gold Council put it, the higher price prompted “a more cautious approach.”
In spring 2024, India brought home 100 tonnes of gold, repatriating it from vaults in the UK. Over the last six months, the Reserve Bank of India has repatriated another 104 tonnes.
Host Mike Maharrey sat down with British comedian, author, and financial commentator Dominic Frisby to explore the deep historical and modern significance of gold.
We are going to look at strong evidence that the PM sector bottom is in – we will also see why downside risk here now looks minimal and why the next major upleg looks set to begin soon...
Gold sits outside the network of liabilities that define modern finance, offering a reserve asset not subject to the same vulnerabilities as currencies or sovereign debt.
