Gold as the ultimate store of value?
Over the last decade, gold prices have more than DOUBLED, marking one of the best rallies in modern history. Over the last 5 years alone, gold is up 76% and on track to be the best-performing asset class of the year, excluding bitcoin. So why gold keeps rising? Ever-rising debt and money debasement seem to be the main culprits. Since the pandemic, US national #debt has soared by $12 trillion while the US dollar lost ~25% of its value. Source: The Kobeissi Letter, BofA
Gold continues to shine, trading at all time highs and up 34% since February.
To BAML, gold is frontrunning rate cuts. Or is it something else?
gold explained in one hashtag
Source: Wall Street Silver
UBS raises its gold targets
Source: UBS
Gold is now trading at 40-year extremes relative to its 200D moving average
Source: BofA, Barchart
Gold is just relentless: another day, another record high (4th in row) yesterday, up 30% on the year to $2662.
This is gold's best YTD performance this century! Source: www.zerohedge.com
Ahead of Oktoberfest... Life is all about liquidity!
Source: Ronald-Peter Stoeferle, CMT, CFTe, MSTA, Incrementum AG
Gold has shown a remarkable surge, nearly quadrupling from $600 to $2,000 per ounce in just six years following the Fed's easing in 2007.
On the chart below, the green line is representing the Fed Funds rate - INVERTED, and the yellow line is depicting gold price. Additionally, the white line comparing Gold vs. S&P 500 indicates a potential turnaround after a prolonged period of underperformance. Could the recent outperformance by gold signify the start of a new trend? Source: Bloomberg, Garret Goggin
