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.
The Black Swan Strikes! Gold Demand Ignites and Tests the Industry.
It came almost out of nowhere, a black swan event that engulfed the world. As everyone from citizens to governments scrambled to deal with COVID-19, the gold industry was impacted in unprecedented ways as well.
What a Gold Shock Could Look Like: Institutional Investors Start Buying
By Jeff Clark, Senior Analyst, GoldSilver and Adviser for Strategic Wealth Preservation. I once asked my institutional investor friend, who used to work at Goldman Sachs and has been a gold owner for many years, what would make him buy more bullion. Without hesitation he said, “When the price breaks out.” Well, as is clear…
What I Told Corporate Investors about “Weak” Gold Demand – and How They Reacted
What I Told Corporate Investors about “Weak” Gold Demand – and How They Reacted.
An article by Jeff Clark, Senior Precious Metals Analyst.