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Gold Surges As Central Banks Brace For Global Debt Storm

From zerohedge.com

The gold price is racing from one all-time high to the next. That’s good news for friends of the precious metal and bad news for anyone still hoping for a stabilization of global debt dynamics. Assuming the markets close out the year without major volatility, gold holders can look forward to an approximate 70 percent increase in value within a single year. This is remarkable—not least because 2024 already ended with a 26 percent gain for the otherwise conservative asset class of precious metals. That amounts to a doubling of value in just two years—a surge usually seen in the tech sector rather than gold. For the ... (full story)

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  • Category: Fundamental Analysis