Click here to get this article in PDF
Financial Times/Neil Hume/2-19-2022
“Gold has made a positive start to the year, outperforming bonds and equities as skittish investors scour the market for safe places to park cash.”
USAGOLD note: Over the past week, a narrative has developed around gold that it could become a primary beneficiary whatever policy direction the Fed takes. That, some say, is the reason for gold’s strong showing thus far this year. If the Fed fails to tighten sufficiently, inflation rages, and gold goes on a tear as a currency hedge. If it tightens too much, the prospect of credit failures and black swan events moves front and center, and gold goes on a tear as a safe-haven alternative. Hume’s article emphasizes the latter, citing strong inflows at gold ETFs comparable to previous times “when recession fears were at the front of investors’ minds.”
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.