Gold is a hindrance to big government spending. By tying the issuance of paper money to a fixed amount of gold, governments found it difficult to expand the money supply.
Gold is back on the front foot, while silver is pushing higher...global markets are showing signs of cautious optimism as talks between the U.S. and Iran appear to be resuming.
The relentless monthly budget deficits keep pushing the national debt higher. After eclipsing $38 trillion in October, it blasted through the $39 trillion mark last month.
The oil market, seeming to already have had it brains batted out by so much Trump jawboning, responded by lowering prices because, yeah, that makes sense. Only the day before, it had escalated prices way up.
The petrodollar is taking a hit, as payments for Strait of Hormuz passage are paid in Chinese yuan. The dollar is being challenged as the global reserve currency...
Ultimately, this monetary inflation will work its way through the economy. It will either manifest in rising asset prices or rising consumer prices. Ultimately, it is devaluing your money.
Maharrey spoke with Joe Cavatoni, Market Strategist for North America at the World Gold Council, to unpack gold’s behavior amid the Iran–U.S.–Israel conflict and broader macroeconomic uncertainty.
Cryptocurrencies cannot be termed stores of value. There is no history of sufficient length to provide evidence...Gold is the only real money because it is a proven store of value.
Gold has a lot of free and loosely bound electrons. When IR light hits the metal, those electrons absorb the energy and begin oscillating. Instead of letting the light pass through, the metal reflects it.
I’ve been massively long physical gold and silver, as well as gold, silver, copper, uranium, and nickel stocks, among others. Lots of oil and gas stocks. And agricultural ETFs.
