Who's Afraid of the Big Bad Fed? Gold Shouldn't Be

Read more on this subject: Gold and Silver
News Story Source: International Man – Adrian Day
The huge increases in global liquidity have been driving markets. Stocks, real estate, bitcoin, bonds (of course), and even strange concoctions called NFTs have all benefitted from the massive increase in the money supply. The exception of late appears to be gold—the asset one would have expected to be the prime beneficiary.

Why has gold not responded more?

Gold investors are asking why gold is not higher given the unprecedented money printing and rising inflation, as well as when that might change.

Certainly, if we go back to when the new age of money printing began, after the 2008 credit crisis (when gold was at $718), or just look at the period since the COVID-induced money mania (with gold at $1,471), we can say that gold has, in fact, responded. But certainly, in recent months, it has frustrated gold investors and is down nearly 8% so far this year, even as the money printing continues and inflation has entered the public consciousness. Why is this?

To some exten
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