Mining

The situation on futures is totally disconnected from what is happening on the physical market and this concerns all precious metals: physical demand remains very strong on gold and silver, but also on platinum.

What if the fight against stagflation is only just beginning? Gold is the safe haven asset par excellence in case stagflation takes hold, especially since the supply of physical gold is decreasing.

The difference between the number of certificates and the investment in physical metal is now very clearly marked. At a time when the situation on the physical stocks of industrial metals and precious metals is becoming more and more tense every week, it is finally quite logical to see so many inves...

Gold is as cheap today relative to US money supply as in 1971 when the price was $35 and in 2000 when gold was $290.

Inflation figures will probably still be very high in Europe and the United States, especially because of record high fuel prices. But it is the Japanese inflation numbers that now need to be scrutinized.

The market correction did not benefit US bonds and despite the fall in commodities and especially mining stocks, gold did not deviate and even held its support at $1900.

At a time when history is crying out, it is possible to understand the links between gold, inflation, and geopolitical events. This link is so close that the study of inflation alone allows us to infer the future direction of gold.

Faced with the blocking of its reserves at the Fed and the ECB, the Central Bank of Russia has decided that all countries hostile to Russia should not only pay for their imports in rubles, but also that it would buy all gold presented to it at a fixed price of 5,000 rubles per gram.

The level of inflation is even higher than during the last oil shock in the 1970s. This environment is very favorable to gold. Let's look at the effects of inflation on the real estate market.

Even if the price of silver were to increase tenfold, it would not be enough to bring it back to a normal price, given the monetary creation of recent years and the loss of purchasing power induced in the main currencies.