Everybody recognizes that unless the Fed prints up adequate money, “this sucker is going down,” as the Baby Bush once termed it during the 2008 financial crisis.
For the last five weeks, gold imports have virtually stopped. According to the Economic Times of India, this is pushing domestic gold prices higher and threatening shortages...
Maybe the most important development isn’t happening in daily price movements...We're not surprised that China’s central bank has reported its 18th consecutive month of gold purchases.
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.”
