The gold price is off of its all-time highs that it set on Friday of last week, and again on Sunday night. But it’s still trading over the $2,000 mark, and about $200 higher than where it stood during early October.
What’s driving the rally, and why does the gold price keep popping above the $2,000 mark?
That’s what we discussed in today’s show with James Anderson of SD Bullion. James talks about how the market has been front-running rate cuts by the Federal Reserve, which the market increasingly believes are coming in 2024, and why he believes we will one day look back at the $2,000 gold price in a similar fashion to how we currently can look back to gold trading around $250 at the turn of the century.
James also digs into the pricing of silver going back to the 1980 high, how it has responded to the CPI and Shadow Stats inflation rates, and whether it has served its role as an inflation hedge.
He also looks at the percentage of investors who currently hold an allocation to gold and silver, and how mainstream participation in the metals markets might contribute to a larger bull market.
To find out more, click to watch the video now!