Gold hits new record high
News: Trump wants to tariff imported gold bars. Premiums for New York gold futures jumped above the spot price, signaling that deliverable supply into the U.S. market had abruptly tightened. Swiss refiners have already slowed or halted shipments, further compounding the squeeze. By effectively capping imports of these bar types, the move raises the stakes for COMEX short sellers, whose ability to source bars for delivery just got more complicated. Stay tune Source: The Coastal Journal, Endgame Macro on X
Chinese demand for Gold is exploding
Gold ETF inflows in China just topped $6 BILLION — a new all-time high. Net inflows have more than doubled in the past 3 months. Asia’s appetite for gold has never been stronger. Source: Wall St Gold on X
It is hard to see gold and other store of values as a bad long-term investment with Money Supply exploding all across the world!
Source: Andrea Lisi
Gold stocks vs. S&P 500 sectors
Source: Bloomberg, Tavi Costa
An update by PlanB
Gold market cap is ~$20T Bitcoin market cap is ~$2T So, gold is worth 10x bitcoin Gold scarcity (stock-to-flow ratio) is ~60 Bitcoin scarcity is ~120 So, bitcoin is 2x scarcer than gold
It's remarkable to see silver approaching $40/oz, yet still historically undervalued relative to gold.
Source: Tavi Costa
China continues to quietly acquire gold through the London market
China bought 15 tonnes of gold in May, according to Goldman Sachs estimates, 8 TIMES more than officially reported figures. Over the past year, China's monthly purchases have oscillated between 25-60 tonnes. Source: Global Markets Investors, Goldman Sachs
Gold now outperforming the U.S. Stock Market (dividends included) over the last 25 years.
Incredible! Source: Barchart
