Goldman is raising their gold price Dec2026 forecast to $4,900 (prior $4,300)
Source: Goldman Sachs
Ken Griffin says investors are flocking to gold and ditching the dollar to “de-risk their portfolios from U.S. sovereign risk.”
Source: Bloomberg
Since 2000, dollar is down 82% against gold
Source: Willem Middelkoop @wmiddelkoop on X
Debasement Trade propels Gold, Silver and Bitcoin as investors flock to the perceived safety of real assets while pulling away from major currencies.
The Yen tumbled on Monday as pro-stimulus lawmaker Sanae Takaichi was set to become Japan’s next PM. The dollar, which has weakened about 30% against Bitcoin this year, remains under pressure as the US government shutdown drags on. The euro has its own problems w/fresh political uncertainty brewing in France. Source: Bloomberg, HolgerZ
As pointed out by Tavi Costa, mining stocks, despite their strong recent performance, are actually LESS expensive than before.
Indeed, P/E ratios have actually contracted, a sign that earnings are growing faster than share prices. ➡️ If gold prices hold steady or move higher, these companies could post some of the highest profit margins in the industry's history…. Source: Tavi Costa, Bloomberg
Per this CNBC reporting, the strategy favoring gold and Bitcoin now has a name: J
Morgan analysts are calling it "the debasement trade." Source: Mo El Erian
Could it be just the start?
Source: Tavi Costa, Bloomberg
gold just had its best monthly performance since August 2011...
Source: zerohedge
