Spot Gold is surging in Asian trading as the dollar is dumped.
Source: Bloomberg
Spot Gold traded above $1930, taking out the $1921 highs from 2011…
Source: Bloomberg
The dollar has crashed to 19 month lows…
Source: Bloomberg
Gold appears to be more and more in favor as an alternative place to allocate wealth amid the growing pile of negative-yielding debt (and note that cryptos are starting to get a bid for the same reason)…
Source: Bloomberg
As Jim Grant recently explained:
The Fed wants us to believe that we should believe that there will be no inflation out of all this and to me that is a vast unknown. We have America’s fasted peacetime money-growth coexisting with the all-time 4,000-year record lows in interest rates. It’s a most curious and troubling juxtaposition there.”
Grant said aggressive moves by governments and central banks are unwise.
I think what we have is a monetary moment that is unprecedented and therefore calls for extreme caution and great humility on the parts of all of us.”
So is the “monetary moment” sparking a loss of faith in fiat?
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170 tons of gold shipped to NY in June
Source?
Link?
Or just something you heard somewhere?
Anonymous, too lazy to do any research or think of a screen name. Here, lazy ass:
https://www.zerohedge.com/markets/record-170-tons-physical-gold-were-just-delivered-comex-heres-why
Zimbabwe…coming soon to a country you live in…..
Hey girl….maybe ….you think I’m lazy but that’s a mistaken conclusion opinion on your part.
As for posting anonymously,that’s just how some prefer occasionally.
No fucks to give for disapproval on that aspect.
Now, I’ll take the high road, and say Thanks for the link. ‘preciate it.
I’m at work, and was on break when I saw the headline, and sent a quick comment request for more info.
Your shitty retort was uncalled for, even if you get others to give thumbs up for your chastising.
Anon…Fuck Off …again .
Poor baby, now does being at ‘work’ and commenting on the internet prevent you from doing your own research? Your little Or just something you heard somewhere? jab was noted.
Anon
A simple reply like I’m at work can you send me a link would have worked better. You made it sound snarky and Mygirl beat me to the punchline.
Point taken & duly noted.
Poor wording, on an legit inquiry.