Update: The US Government claims it has almost 5000 tons of Gold
but Fort Knox US Gold Reserve has not been audited since 1974, almost 50 years ago... No one has seen any of it. Source: US Homeland Security News @defense_civil25
Gold consecutive weekly gains
Source: Win Smart
Gold has officially hit the highest level EVER on an inflation-adjusted basis
This is why they call Gold an inflation hedge. Source: Bravos Research
India and Chinese Gold Reserves are at all-time highs
Source: Barchart, Bloomberg Opinion
The gold-to-oil ratio just hit its highest level ever on the monthly chart—excluding the COVID spike.
Could the mining companies be the biggest beneficiaries? This directly impacts their margins, which are expanding significantly as metal prices climb. As pointed out by Tavi Costa, Gold is up nearly $1,000/oz from a year ago, while production costs have risen only about $100–$200/oz, depending on the mine. Source: Crescat Capital, Bloomberg
Are we still early in this gold bull market?
Source: Crescat Capital, Bloomberg
This is what is going on inside the Big 3 vaults. No comment necessary.
Source: www.zerohedge.com
Gold has been truly one of the GREATEST assets over the last few years, widely outperforming the S&P 500:
🔴 1-year performance: Gold +41% S&P 500 +21% 🔴 3-year: Gold +59% S&P 500 +34% 🔴 5-year: Gold +84% S&P 500 +80% Source. Global Markets Investor
