Gold has been mankind’s most enduring store-of-value asset because of its unique characteristics. Gold is durable, divisible, consistent, convenient, scarce, and most importantly, the “hardest” of all physical commodities.
Stronger-than-expected economic data has forced some on Wall Street to push back, or even remove calls for a recession once widely considered a sure thing.
The Roman denarius pictured above features the profile of the emperor Diocletian, circa 301 AD, at the time when he issued the edict listed above.
Central banks bought more gold last year than any year since records have been kept.
The shocking closure of two US banks, the Fed slowing interest rate hikes, and a weakening US dollar all roiled markets and led to a spike in gold demand.
It is relatively common that what should be recognized as a warning flag of major trouble is often ignored until things get so bad that it is almost impossible not to notice.
1. US Secretary of State Antony Blinken is said to be considering a meeting with Wang Yi, China’s top diplomat, at a security conference later this week. It would be their first face-to-face talk since Beijing ignited an international uproar with an alleged spy balloon lazily moving across the whole US mainland, triggering a spike…
By Jeff Clark, Senior Analyst, GoldSilver, and Adviser for Strategic Wealth Preservation War! Inflation! Rate hikes! Crashing cryptos! Sinking stock markets! A soaring US dollar and hints of recession all highlighted a tumultuous 2022. Despite several headwinds and confusion over gold’s weakness in the face of high inflation, the price ended the year basically flat,…
The need for a safe haven asset is clear. The toxic mix of economic, market, and financial risks leaves investors with few places to turn.
With unresolved issues encompassing much of the globe, it would not be surprising to see the gold price achieve new record highs this year.