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40% of non-gold investors looking to jump into the market in the next 3 years - WGC, Greenwich Associates
Investors are faced with unprecedented inflection points as the global economy continues to recover from the devastating effects of the COVID-19 pandemic and gold is expected to play a more prominent role in investor portfolios, according to a comprehensive survey by Greenwich Associates in partnership with the World Gold Council (WGC).
"The results from the study show that, in addition to the now decade-old quest to meet return targets in a low-yield environment, institutional investors face a new set of challenges as they position portfolios for the post-COVID-19 period. Among the most important: the need to protect their portfolios from mounting inflationary risks," said Andrew McCollum, head of investment management at Greenwich, in his executive summary. Read More
Gold and silver trade lower heading into the European session
After a promising start to the U.S. session yesterday gold (-0.24%) ended up closing -0.09% lower and that bearishness has continued today. It was a similar story for silver which now trades at $25.77/oz down 0.48% leading into the European session. In the rest of the commodities complex, copper is 0.19% in the black, and spot WTI is flat. Read More
This week's gold price action review
This week gold futures have traded within a $34.7 range between a high of $1819.5/oz and $1784.8/oz. It certainly looks like gold will finish the week positive but there has been a rejection of higher levels this week. Read More
Mother of all bubbles will pop, no fast recovery in sight; Gold to hit $4,000 – Peter Grandich
The U.S. stock market is likely experienced what Japan did in the 1990s; an implosion and then stagnation before a recovery said financial advisor and market commentator Peter Grandich of Peter Grandich & Company.
“I’m going to own more cash than anything else between now and the end of the year,” Grandich told David Lin, anchor for Kitco News.
Grandich discusses why we are currently in the “financial bubble to end all bubbles.” Read More
Video - Mother of all bubbles will pop, no fast recovery in sight; Gold to hit $4k? – Peter Grandich
Black swan inflationary event to trigger gold-buying panic in next 2-3 years - Goehring & Rozencwajg Associates
Inflation is already here, but prices could rise significantly higher in the next several years, creating a gold-buying panic, according to Rozencwajg Associates managing partner Leigh Goehring.
"We already have 5% inflation. And it's safe to say this 5% inflation will stick for the next six to 12 months. And then we could have a black swan event, and prices go significantly higher. Just like what happened back in the 1970s," Goehring told Kitco News. Read More
Lyn Alden on ‘the ‘unthinkable’: What happens if the U.S. defaults on debt?
The suspension of the federal debt ceiling ends later this month, and Congress is still in gridlock on how to raise it.
Earlier in June, Treasury Secretary Janet Yellen said that “Defaulting on the national debt should be regarded as unthinkable…failing to increase the debt ceiling would have absolutely catastrophic economic consequences. It would precipitate a financial crisis.”
Lyn Alden, founder of Lyn Alden Investment Strategy, said that this would be a “low probability event.”
“However, some of the things, in let’s say, the Capitol of the U.S. earlier this year were previously thought unthinkable and they still happened so investors have to watch out for these kind of tail risks that could happen,” Alden told David Lin, anchor for Kitco News. Read More
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Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
