IAUM - Don't Fight The Central Banks Consider Buying Gold
2024-04-22 03:27:21 ET
Summary
- Gold has performed strongly in 2024 despite inflation and high interest rates, challenging historical norms.
- Central banks have been buying gold, indicating a positive trend that should not be ignored.
- Investors are turning to "real" assets like gold as hedges against political uncertainty, war, and recessions, suggesting further potential for gold's rally.
Main Thesis/Background
The purpose of this article is to discuss the border market backdrop with a specific focus on gold and how it may continue to do well deeper into Q2. This is an asset class I have held for a long time - but it has often been a "boring" part of my portfolio. However, over the past year, gold has performed strongly....
Don't Fight The Central Banks, Consider Buying Gold