Offer & Supply

The history of gold spans several millennia and the entire globe. The cornerstone of civilizations, used as a medium of exchange and then as a standard, gold as a currency helped create trust between individuals. As the heart of the global economy shifted, so did the world's gold reserves.

2024 could be the year of major social and political upheavals. Bad-mouthing gold does not prevent a crisis, it exacerbates it, because it deprives the population of the golden safety net. Without a safety net, people are known to fall deeper and harder.

Inflation in the United States is creating tensions between the Fed and the Treasury on monetary policy, resulting in market repercussions with stock declines, bond yield increases, and a correction in gold due to sales in derivative markets.

The next big run in gold is much closer than the majority of investors seem to believe.

Chinese investors are abandoning their own stock market and seeking exposure to growth in the US and Japanese markets. Gold could be sold in the short term in a deflationary wave, but it would also serve as the ultimate refuge for international investors disappointed by a stock market they believ...

Two of the world's largest silver mines, located in Mexico, closed their operations. Silver stocks on the Shanghai Future Exchange are falling. Andrew Maguire says that wholesale silver is not trading at the COMEX silver price or the LBMA fixing, but at a much higher price.

This week we will look at Gold's price as a series of large ascending channels that will provide a framework for where price could go by the end of the decade.

The latest U.S. inflation figures are well above predictions. The consumer price index (CPI) rose by +3.7% year-on-year in December. Inflation appears to be accelerating, exceeding the pace recorded at the same time last year.

Gold prices anticipate the shift in the investment cycle from growth stocks to tangible assets. The yellow metal also benefits from its safe-haven status in a context of economic uncertainty.

Egon von Greyerz and Matthew Piepenburg take a sober look ahead at a macro environment riddled with undeniable event-risk—from geopolitics and asset bubbles to debased currencies and distrusted global leadership.