Good Reads
Gold climbs to two-week high
Gold climbed to a two-week high on Thursday, buoyed by a weaker dollar and falling oil prices as hopes of a peace deal between the U.S. and Iran tempered inflation and rate-hike concerns. Spot gold gained 1% to $4,735.32 per ounce, after rising to its highest since April 23. U.S. gold futures for June delivery rose 1.1% to $4,745.90. Read on »
Gold Bugs Faulty Thesis: M2 and Inflation
Gold bugs often claim that when more dollars are in circulation, each dollar buys less; prices rise, and gold, as a store of value, helps protect purchasing power from that decline. As a result, they believe that a rising money supply, in and of itself, is inherently inflationary. The problem with the thesis of gold bugs is two-fold. First, it lacks critical context. Second, it fails to consider another key factor driving inflation: the velocity of money. Read on »
Critical Minerals Are The New Center Of Global Competition
The critical minerals era is arriving faster, with higher demand growth, in more fragile geopolitical terrain and without the institutional infrastructure to handle the turbulence. Countries and companies that assume the risks are simply "oil problems in a new jacket" are dangerously underestimating what's ahead. Read on »
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