Good Reads
Central Banks Put a Strong Floor Under Gold
Gold appears to be regaining its strength as central banks continue buying the metal and governments prepare to issue more debt, according to Bloomberg analyst Garfield Reynolds. Rising debt levels are renewing gold’s appeal as protection against the risk that governments may allow inflation to reduce the real value of what they owe. Read on »
The BoJ and U.S. Fed Just Made Gold Obvious
As I’ve said countless times: Spiking yields and hence spiking debt costs are like shark fins to policy makers drowning in a debt-storm of their own doing. The collision of these rising yields and rising debt levels mathematically means more currency debasement will be engaged to inflate away Uncle Sam’s increasingly grotesque bar tab. This also means gold’s anti-fiat role as a store of real rather than fiat value/money is just beginning to stretch its legs. Read on »
Copper price sets fresh US record
Copper climbed to a fresh all-time high in New York on Wednesday, as bets on US import tariffs kept pulling metal into the country while the supply picture outside the United States continued to deteriorate. Read on »
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