Asian demand has been one of the primary drivers behind the recent gold rally that has seen the yellow metal gain more than 84 percent since January 2024.
With the U.S. national debt at $37 trillion—the highest debt-to-GDP ratio since World War II—Prins warned that such liabilities undermine national strength in trade and geopolitics.
A surge in scrap gold supply during periods of rapidly rising prices often results in discounted premiums. But with more people holding on to their gold, that’s not happening.
For fans of limited government and sound money, here’s a spoiler alert: Republicans in Congress aren’t planning a meaningful change in spending or deficits, and, of course, neither are Democrats.
Mills’ analysis often leads to a positive outlook for precious metals like gold and silver during such inflationary periods, seeing them as a hedge against a weakening dollar.
Gold is real money; honest money. The price of gold tells us nothing about gold. The gold price tells us the extent to which the dollar has lost purchasing power.
The fear trade has to do with demonetization, currency destruction, and negative real interest rates, which are usually gold positive. A newer term would be de-dollarization...
