Monday , 20 May 2024

Gold

I Don’t Mean to Rant Against Gold BUT…

I don’t mean to rant against gold. I just think that there are some fundamental reasons to keep gold in the proper perspective when we consider its value as a portion of our asset holdings. In my view, it’s not the type of asset you want to build a portfolio around. Here's why.

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U.S. Fixation On Gold Unlikely to End Any Time Soon

While it is true that there have been some hiccups along the way, such as Roosevelt’s confiscation of gold in 1933, it is unlikely that America’s fixation on gold will end any time soon. Below are the facts regarding the history of gold in the USA.

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Gold Price Dependent on Extent of Money Supply NOT Direction of US Dollar Index – Here’s Why (+2K Views)

...When the USD starts to rise many assume that this is negative for paper gold ETFs such as GLD as well as physical gold. I'm sure you have heard it before, if the USD goes up then gold goes down, and vice versa...but, in reality, this "rule of thumb" isn't the case and, in actuality, it would be impossible for the USD and gold to trade inversely with each other. Let me explain.

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