Peter's Blog

Gold Reaches $3,000 for the First Time in History

On March 17th, history was made in the commodity that has been used as a unit for exchange for millennia. In 2005, gold was a mere $500 per ounce. Now, twenty years later, gold is up 600% to $3000 per ounce. This growth outperformed both the NASDAQ and the S&P 500 over that timespan, even […]

The Global Gold Rush: Russia and China’s Shortages Add to Economic Anxiety

Mounting economic uncertainties and persistent inflation are sending shockwaves through the global market, triggering a surge in demand for precious metals. As investors are seeking a safe haven, gold and silver are experiencing skyrocketing demand, leading to significant shifts in national reserves and logistical challenges in the precious metals market. 

Gold’s Natural Scarcity Propels its Valuation Growth

The U.S. abandoned the gold standard in 1933. But ninety-one years later, in the midst of an inflation crisis, investors are flocking back to the original. The U.S. government is set to print about $200 billion in bills in 2024. That’s $548 million for every day. Despite the rampant inflation reducing consumer purchasing power around […]

Is a Weak Yen Feeding the Global Gold Bull?

The gold price has been surging, with unprecedented central bank demand gobbling up supply. It has been a force to behold — especially as US monetary policy has been relatively tight since 2022, and 10-year Treasury yields have rocketed up, which generally puts firm downward pressure on gold against USD. 

Election-Year Gold Trends & Factors for 2024

While broader macroeconomic trends are always what’s most significant for the gold price during any given election, some interesting trends emerge when you look at the numbers. And when an election is contentious, historic, or chaotic as 2024’s promises to be, the outcome is all the more significant for gold.

Is Gold the Victim of too Much Bad News?

There is plenty of bad news out there. We have a trade war. Geopolitical tensions between the US and Iran and the US and Russia are high. Turkey is in the midst of a currency crisis that some fear will spread beyond that country’s borders. So, why aren’t people seeking safe haven and buying gold […]

Brexit Turmoil Pushes Price of Gold Up in Pounds

The price of gold in pounds spiked Monday as Brexit confusion and political instability sent Brits scampering into safe havens. Spot gold against the pound rose nearly 1% after Brexit Minister David Davis and British Foreign Minister Boris Johnson both resigned their posts in protest. Business Day described Brexit as a “ramshackle exit from the […]

Safe-Haven Hoarding: Indians Holding on to Their Gold

Indians are hoarding their gold despite an increase in the price during the first quarter of 2018. Analysts say they are holding onto their gold in anticipation of bigger price increases. Gold was up around 1.5% in dollar terms in the first quarter of this year. According to the Economic Times of India, the yellow […]

Geopolitical Risk: The New Normal

Over the last year, we’ve talked a lot about geopolitical risk. Could turmoil around the world now be the new normal? Some analysts think so.