by Alasdair MacLeod
Gold Money
Anti-dollar sentiment is underestimated, and loss of credibility has only just started. A perfect storm is driving gold higher and the dollar down, compounded by systemic issues.
In this market report for precious metals, we examine the factors driving gold higher. Its remarkable performance is doubtless confusing the wider public, leaving investors in western financial markets invested in non-performing assets while missing out on gold.
So far this year, gold is up 24%, copper 15.5%, and silver 10.15%. The S&P 500 is down 11.5% and the 10-year US Treasury Note up 2%. The least exposure general investment portfolios have is to gold and its investment substitutes.