Supply & Demand

In today's interview about the commodities supercycle, Marc Friedrich talks with Ole Hansen, Head of Commodity Strategy at Saxo Bank, about a wide range of topics such as inflation, deflation, price targets for precious metals and the one asset of the commodity sector, where Hansen currently sees...

Gold and silver are yet to benefit from the rise in the prices of the other assets; they are thought of as a currency, and not as commodities. These low prices are a bargain.

Moral and ethical values are gone and crime is rampant. This is not new in history and regularly happens at the end of major eras or cycles. This happened for example at the end of the Roman Empire as Rome disintegrated economically and morally. Decadence was rampant then as it is today. So were...

Palantir Technologies Inc. said it’s preparing for another “black swan event” by stockpiling gold bars and inviting customers to pay for its data analysis software in gold.

Brazil’s central bank purchased over 62 tons of gold in three months through July 2021, raising the nation’s reserves to nearly 130 tons. The estimated growth of physical holdings reportedly amounted to 92.4%. The bulk purchase of 41.8 tons was recorded in June.

The true price of gold and silver will be the one that is displayed after the shift from paper to physical. The current price reflects precisely the preponderance of the financial market over the market for real assets. But for how long?

From a market perspective, there was one important lesson from both 1940s and 1970s periods: At times when investable assets yield less than inflation, owning tangible assets becomes imperative. Commodities were far-and-away the best performing asset class in both of those decades.

The sales of futures on the COMEX market, now seen almost every day, are colliding with a background trend for the purchasing of gold by the other central banks, which are starting to lose patience and want to cover themselves in relation to the risks of devaluation of their assets in terms of st...

In the short term, the paper gold market certainly harms the only genuine gold market which is physical. But artificial markets or instruments have never survived in history. Just look at the fact that every fiat currency in history which has failed. And so will paper gold. It is only a matter of...

Like many fixed-income securities, the gold prices are completely detached from supply and demand. The mechanism for determining prices is distorted by ‘tools’ that enable the monetary authorities to alter the perception of their inflationary monetary policies.