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.
Investors continue to stick to their plans to add physical precious metals to their portfolios whenever temporary price dips present themselves at a discount.
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.
There is an old saying, “The best place to hide something is in plain view.” If true, a reminder of what the US citizen has lost may be found in plain view, merely by reaching into his pocket and examining his change.
As always happens in a crisis period, the fiat currencies that have, until now, appeared to be sound, will sink dramatically and gold will once again rise to its intrinsic worth.
Our quarterly ITV report examines the performance of precious metals vs. other major asset classes during the first quarter of 2022.
The circumstance of stubborn inflation, elevated political conflicts, and overpriced stock and real estate markets creates an ideal scenario for gold.
Now that the Great Unravelling is underway, we shall increasingly see a divergence between the Second and Third World countries and the First World countries that have been connected to the Bretton Woods Choo-Choo since 1944.
The most likely scenario for 2021 is one where gold continues to offer a meaningful and necessary hedge, along with the high probability of yet another set of record-high prices.