Fear And Greed In Gold
Gold’s been driven by safe-haven demand recently — but will fundamental monetary factors take hold soon? Let’s listen into a gathering of top experts — including Jim Rickards — for some insights. Dear John, It’s good to get the other side of the story. Or, as Ayn Rand (and my late mentor Jim Blanchard) used to say: Everyone needs to check their premises now and again. With gold, my firm belief is that fear-based buying — so-called safe haven demand — is a fickle driver. Strong, long-term moves in gold are fueled by monetary factors like the on-going debasement of fiat currencies. I’ve found that other very smart people, however, put great stock in the fear trade for gold, particularly with some of the geopolitical crises stewing in these early days of the Trump administration. Also, others look at the monetary story for gold and come up with a very bearish view of the metal’s prospects. I disagree to some extent with these views, but find them invaluable in checking my premises for gold. Because I’m always looking for well-thought-out arguments that might challenge my views, I was extremely pleased to find an extraordinary transcript in my inbox this morning….
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Jim Rickards And Other Top Experts Discuss Gold… I got a remarkable market report this morning from the Incrementum Group out of Liechtenstein. This is the group behind the Incrementum Inflation Diversifier Fund, and the widely-read “In Gold We Trust” annual reports. Whenever I get something from this group, I open it right up. They put out really good intelligence. But this was much more. Titled “U.S. Going To War With North Korea And Gold Going Below $1,000?”, it was a transcript of the minutes from their recent Advisory Board Meeting. This isn’t just any advisory board. It includes notables such as Jim Rickards, Josh Crumb, Roy Sebag, Heinz Blasnik, Frank Shostak, Ronald Stöferle and Mark Valek. And in this meeting, they discussed a wide range of factors driving gold right now, including Fed policy, money-supply growth, China, physical demand and more. In particular, you simply have to read Jim Rickards’ comments on North Korea. He makes some points about Kim Jong-un that you won’t see anywhere else — and that actually make his strategy seem quite sane…and even more dangerous than you ever imagined. I don’t want to waste any more time explaining how valuable this report is. You simply have to read it for yourself at the link below. Remember, I don’t agree with all the views and predictions made at this meeting, and you probably won’t either. But we all need to rethink our assumptions now and then. And this transcript will definitely get you to do that. All the best, Brien Lundin Editor, Gold Newsletter CEO, the New Orleans Investment Conference CLICK HERE To Read “U.S. Going To War With North Korea And Gold Going Below $1,000?” |