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Gold had its best start to a new year since 1980:
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There are significant supply constraints ahead.
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Signs are emerging of higher demand for safes – a place where the interest rate on cash is always zero, no matter what the central bank does.
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Today, gold still pays you nothing. But holding bonds now costs you money:
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You can see how negative rates matched up with rises in the price of gold until recently:
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With the U.S. dollar about to begin a major decline, gold will be a very nice place to be invested!
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Some of the highest gold returns of the year have occurred in September, when the Love Trade heats up in India in anticipation of Diwali and the wedding season:
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Just as gold jumped 15% in British pounds on the night of the Brexit shocker, we may see something similar occur if an election shocker takes place in the United States.
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As wild as it sounds, if gold rises as much as it did previously, it could hit $6,000 to $8,300 per ounce!
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“There is certainly nothing wrong with bargain hunting. Bullion investors just need to remember that
when prices are in an uptrend, finding a bargain means not waiting too long to buy.”
--Clint Siegner, Director at Money Metals Exchange
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