Central banks

We will have either more lasting high inflation (but the Fed is slow to admit it), or the Fed doesn’t really want to increase its interest rates substantially. In both cases, gold should benefit, either from higher inflation and lower real interest rates, or from more dovish Fed than it’s current...

The destruction of money is now accelerating in parallel with the deficit and debt expansion. This is the typical course of events for the end game.

The intervention by the central banks on the markets is scrambling the message. Assets that have become at risk, in this inflationary backdrop, are being given excessive valuations. By contrast, the values that protect against the upcoming inflation are still being evaluated at very low levels. A...

With the CPI annual inflation rate spiking 5% in May, gold could have gained a lot in response. However, it rallied only $20. Should we prepare for more?

Egon von Greyerz and Matthew Piepenburg address the current and ever-evolving inflation narrative as well as its inter-relationship with interest rates. This relationship has a direct impact upon gold pricing in a global backdrop of rising and unsustainable debt levels.

French President Macron told a news conference he would like the sale of gold reserves to help finance this planned aid for Africa.

Gold’s future depends on the Fed’s reaction to rising inflation, or whether or not investors will focus on nominal and real interest rates. If the US central bank stays behind the inflation curve, real interest rates will stay in the negative territory, supporting the price of gold.

Alleviating public debt through a dose of inflation is a widely shared and defended idea, it even seems obvious. But what is it really?

The “match” between the two camps (the inflationists versus those who are convinced of the transitory impact of the rise in prices) is leading, as one would logically expect, to this very volatile phase on the gold and silver metals markets.

The implementation of the Basel III standards on the Net Stable Funding Ratio (NSFR), in particular on allocated or unallocated gold and on its derivative products will cause an earthquake on the market, which should lead to a serious revaluation of the price of ounce of physical gold. As for the...