Inflation

The U.S. Treasury bond-buying program is impacting the markets, with potential implications for the dollar and precious metals, notably gold and silver.

The dual situation of the Bank of Japan stalemate - whose credibility is currently being tested by the markets - and the ongoing currency war are clearly benefiting gold.

A gloomy outlook: inflation is set to remain persistently high in Europe. We've been saying this for a long time. A Natixis study supports this view and identifies several factors (which we re-rank in order of importance) driving up prices in the long term.

Gold is attracting growing interest in an international environment marked by multiple challenges and a climate of permanent uncertainty. Progressive de-globalization and contemporary societal aspirations also accentuate the importance of an independent asset, subject to no authority.

The United States is entering a period of stagflation, a scenario that is enabling gold to set a new all-time record, confirming last week's breakout. Gold always rises during stagflation.

In a January 2024 publication, JP Morgan unveiled its outlook for the gold price. The world's leading bank, with a market capitalization of over $500 billion, stated that “a cutting cycle is expected to be positive for bullion and supportive of a rally in prices in the second half of 2024”.

Janet Yellen and Jerome Powell acknowledge mistakes on inflation. The Fed, and now the Treasury, are now preparing the markets for higher inflation, propelling gold and silver to new highs.

All Empires die without fail, so do all Fiat currencies. But gold has been shining for 5000 years and as I explain in this article, Gold is likely to outshine virtually all assets in the next 5-10 years.

Gold is breaking records in dollars, but also in euros. In Japan, gold is reaching dizzying heights: the depreciation of the currency is even more pronounced in the land of the rising sun.

Since the start of the year, we've seen a sharp rise in so-called "risk assets" such as tech stocks and cryptocurrencies. In this article, I'll explain the background to this meteoric rise. Bitcoin's spectacular performance raises questions and fuels a current debate: Can Bitcoin replace gold as...