What will happen to gold if/when Fed cuts and real yields plunge to negative territory?
Source chart: The Macro Guy, Macrobond
Gold has been outperforming tlt (iShares US Treasuries 20y+)
Source: J-C Parets
Gold is back
Gold prices just jumped above $2,100/oz for the first time since December 4th, 2023. It's also now just 2% away from a new all time high, even as Fed rate cuts are delayed. The beginning of a new bull trend for precious metals? Source: The Kobeissi Letter
Interesting chart by TheMacroCompass.com
cryptos and gold are impossible to value but they are in some extent comparables in the role they play as an alternative to the fiat money system. Currently, Gold is 20.5% of the Fiat money in the 5 largest economies. After recent rally, the total cryptocurrencies market cap is just 3.4%. If you think teh gap between gold and cryptos should continue to narrow, there might be further upside. NB: this is NOT an investemnt recommendation
Gold ETFs is losing its shine, while Bitcoin ETFs is in its prime.
Bitcoin ETFs are catching up to Gold ETFs. Gold ETFs currently hold ~$92B. Bitcoin ETFs currently hold ~$40.7B. source : bitcoin archives
Digital Gold
#moneydebasement
Top 11 Countries by Gold Reserves
By Visual Capitalist, Win Smart
Boomers are selling Gold ETFs, buying Bitcoin ETFs.
Source: Asher Hopp
