Gold is a long-term asset typically inversely correlated with the US dollar and is currently experiencing a gradual increase in value, with recent mentions highlighting a 2.15% uptick for the week and a 3.5% rise overall. It is often compared to other assets for its volatility, yet some caution against investing in gold, citing its lack of real economic value and the perception of it being a distraction. Additionally, gold is seen as an asset being accumulated amid concerns over sovereign debt, while its supply flexibility is noted in contrast to more volatile assets like silver.
“especially from kind of investors around the world and institutional investors. They're running to gold and silver as what's the next store of value?”
“I mean, pretty classic setup right here on really just gold in general. Like I feel like the just the regular gold chart if you pull up like GLD like even on like the monthly was just like a beautiful beautiful technical setup here like essentially like that perfect like uh cup and handle setup.”
“you know stocks like CDE or KGC like he could have you know done really really well um capturing that trend um you know done higher performance than just holding like gold itself.”
“GLD must accommodate pinches and swells in net asset value every day by buying or selling the underlying gold. While normally that isn't a risk, there is a risk that in the event that demand for GLD exceeded the physical gold available for them to buy that they would for a portion of their assets be unsecured creditors.”
“every central bank is accumulating gold. Every commercial bank in the US is now accumulating physical gold because they made a tier one capital.”
“I think long-term uh, gold and silver are going to grind higher. Uh, you know, primarily because there's we do all everybody under the sun thinks a new monetary system's coming at some point.”
“if you look historically at the math, uh silver is more volatile than gold and it does have um a correlation to economic cycles. It's got higher beta, and that's just the way it is.”
“I think gold can be increased in supply mine supply a lot quicker than silver can. It's a bigger incentive if you're all in sustaining costs are $800 an ounce. And it it seems to be more diversified around the world, gold mining, whereas silver, I mean, woo, 25% out of Mexico.”
“And every central bank is accumulating gold. Every commercial bank in the US is now accumulating physical gold because they made a tier one capital. China's accumulating gold because they have to depreciate their currency.”
“I think long-term uh, gold and silver are going to grind higher. Uh, you know, primarily because there's we do all everybody under the sun thinks a new monetary system's coming at some point.”
“And every central bank is accumulating gold. Every commercial bank in the US is now accumulating physical gold because they made a tier one capital.”
“Johnny sees gold at 10,000 and silver at 200 plus as realistic price targets as nations and investors look for a way out of the US dollar. And the growing electrification of the world drives silver demand much higher.”