Chris Marcus
Chris Marcus Articles
While the debt and monetary policies across the developed world economies suggest that gold is going to continue to be in great demand in the years ahead, it's also worthwhile to look at how gold has performed over the past two decades.
A lot's happened to the world in the past 5 years. And there's certainly been a lot of activity in the gold and silver space that's led us to the current market dynamics.
There was a sharp selloff in gold and silver last week following the latest government CPI report. Gold dropped below $2,000 per ounce for the first time in months, while silver traded down to the $22 level.
While some segments of the financial markets look at gold and silver as pet rocks or doorstoppers, it's interesting that as nations around the globe continue to run into currency troubles, they keep turning to gold and silver.
The Federal Reserve held its latest policy meeting yesterday, followed by another press conference from Fed chair Jerome Powell.
After a year and rally that pushed the gold and silver prices higher, the precious metals have been off to a slow start in 2024 with both metals lower on the year.
In recent years we've seen many of the traditional buyers of US treasuries cut back on their holdings. But what are they buying instead?
Over the past 2 years the financial markets have watched the Federal Reserve raise interest rates over 5%, while at the same time the Treasury is pumping out debt faster than ever.
Despite a strong finish to 2023, the gold and silver prices have been under pressure to start 2024. Especially today, as gold is $30 lower while silver is down by 80 cents.
There's a corner of the gold market that gets very little coverage, as for years the The Bank for International Settlements (the BIS) has been conducting gold swaps.
