Melted down, all the mined gold in the world would fit into four and a half Olympic-sized swimming pools. Gold is scarce and that's part of what gives it its value.
The minimal selling and significant number of gold purchases in April indicate that the slowdown in net central bank gold buying in March was an anomaly.
The Fed will tighten us into a recession, even as it forms, because it will be slow to recognize this "stealth recession," masked by tight (and misleading) labor data...
The Inflation-Adjusted Gold price is important because it is an excellent indicator of gold miners' performance. It correlates quite closely with their margins or profitability.
When the economy crashes, the Fed will almost certainly do what it always does – try to manufacture a new boom with more artificially low interest rates and money printing. That means more inflation.
Retail sales reports aren't adjusted for price inflation. Americans are forking out more money than they were last year, but they’re actually buying less stuff.
