Peter's Blog

If you walked into a Rolex dealer in 2024 and tried on a white-gold Daytona, you’d have been looking at a watch that cost considerably less than it does today. The same watch now retails for roughly $59,100, about 33% more than it did two years ago. In June alone, Rolex raised prices on its […]

Costco will sell you just about anything: a 48-pack of toilet paper, a five-pound bag of shredded cheese, a $1.50 hot dog.  And, apparently, a bar of gold. The same warehouse club that built its reputation on selling everyday necessities in bulk has become a serious player in the precious metals business. In 2024, Wells […]

You Bought Gold. Now Where Are You Supposed to Put It? You’ve done your research, compared premiums, and finally bought your first ounce of gold. Now what? Put it in a sock drawer? Buy a safe? Rent a bank safe-deposit box? Buying gold is relatively straightforward. Figuring out where to keep it is where things […]

Americans own far less gold than they should. Less than .5% of American consumer portfolios are gold. Although gold provides countercyclical safety to the market and has grown consistently in relation to the dollar and performed not dramatically differently from the S&P over the last 25 years, Americans still only allocate a tiny portion of […]

Gold futures, ETFs, and options are traded in enormous volumes that often dwarf the actual physical gold supply. These offer liquidity and allow investors to gain “exposure” to gold without taking possession of the metal…but do these financial products actually provide “exposure” to gold at all? Paper gold introduces distortions and opportunities for dishonesty that […]

With a hot CPI report casting a shadow of doubt on the likelihood of a June interest rate cut, all eyes are on the Fed. But they’ve caught themselves in a “damned if they do, damned if they don’t” moment for the economy — and the news for gold is good regardless. 

Globally, ETFs added gold for the 10th straight month in September and pushed total inflows to over 1,000 tons on the year. The previous yearly inflow record was 646 tons set back in 2009. Gold ETF holdings increased by 68.1 tons last month, despite the metal’s worst monthly price performance since November 2016, according to […]