Gold News Today – Page 4192 – Precious Metals, Gold, Silver, Patinum, Paladium News Today, Updated

Gold

Gold prices are surging. Why the rally is just getting started.

Post author By Gold News Club
Post date March 6, 2020

Barron’s/Andrew Bary/3-3-2020

graphic image of a truck loaded with gold bars “’The flows into gold are just getting started,’ says Peter Grosskopf, chief executive of Sprott, a Toronto asset manager focused on precious metals. ‘Gold is now being seen as mandatory portfolio insurance and not a fringe asset. It has a long way to gain on fiat currencies’ like the dollar that aren’t backed by anything tangible”

USAGOLD note: Grosskopf echoes a theme we have seen from a number of analysts over the past several months as fund managers and institutions move to inoculate their portfolios against a number of potential economic and financial ills.

Image courtesy of Visual Capitalist

Gold

The dollar crash is an illusion

Post author By Gold News Club
Post date March 6, 2020

Seeking Alpha/Doug Eberhardt/3-3-2020

overlay chart showing the declining value of all major currencies against gold, long term

“[T]he whole world is clamoring for insurance and this dip in gold here may be your last chance to buy it at a decent price. I prefer to get the stock market up one last time and then an even more severe unwinding could occur than what we just experienced, technically from coronavirus fears which have brought some of the world to a halt, especially on the travel side of the equation. But for gold, we see it as the asset of choice at the bottom of Exter’s Pyramid because it is perceived of value.”

USAGOLD note: This article digs deeply into some verities and relationships regarding the currency markets of which very people – even sophisticated investors – are aware. It is a good read for those seeking a deeper understanding of the relationship between gold and the dollar on one hand and the dollar and other major currencies on the other.

Chart courtesy of Visual Capitalist

Gold