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Inflation and Gold

When inflation rises, the value of currency goes down and people tend to hold money in the form of gold.  In times when inflation remains high over a longer period, gold becomes a tool to hedge against inflationary conditions. This pushes gold prices higher in the inflationary period. Do we have, or expect to have, inflation? Take a look at what inflation really is. According to Wikipedia – “inflation is a sustained increase in the general price level of goods and services in an economy over a period of time”. This is generally caused by the devalue of currency.  The more of a product there is, the less it’s worth. In this case the product is the US dollar.  During the onset of covid 19 pandemic there was a 2 trillion dollar stimulus package injected into the US … Read More

Bank of America Calls Gold “Ultimate Store of Value” Raises Target Price to $3000 oz

The Fed cannot print gold , unlike every other asset. Bank of America has caught up with where we have been for the past few years. "As central banks and governments double their balance sheets and fiscal deficits, we up our 18 month target from $2000 to $3000/oz" We believe it's clear now that even Wall Streets agenda is lining up with all of those who have been calling that the biggest winner of the central bank insanity will be the "barbarous relic". Gold. Now with the Fed committing to do whatever it takes to prevent widespread panic and bankruptcies in the US, Congress injecting 5 plus trillion stimulus and economic growth at a crawl until there is a cure or vaccine inflation could rise even if GDP doesn't.  This economic climate should prove to be very positive for gold. This … Read More

Still a Buyer’s Market for Gold?

We have seen some unprecedented events around the globe over the past few weeks. Including “lock down” of 75 million United States citizens. Italy says Army will help enforce lockdown, effectively declaring martial law; might extend lockdown through early May. US, Mexico agree to shut southern border. These are just a few headlines that are plastered around news sites. This type of reporting is what we would definitely consider “geo-turmoil.” With the scary headlines there are some good news mixed in. It seems that there is a drug cocktail that is knocking the covid-19 virus back with some success. Hydroxychloroquine is the name of part of it. In an effort to support global response, the drug company Novartis, will donate up to 130 million doses of hydroxychloroquine. Thank you, … Read More

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