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SGOL - The Glitter Of Gold And What Drives Its Price
Aberdeen Standard Physical Swiss Gold Shares
2024-07-25 11:30:00 ET
Summary
After adjusting for inflation, when interest rates rise, the price of gold falls.
We think that new paradigm is like the old one, but is resetting the relative level of the price of gold at a much higher level than it was previously.
The price of gold is now ratcheting up without any significant change in real interest rates.
Gold is a hedge against inflation. Gold is sensitive to expected long-term real interest rates. Gold is regarded as protective against "bad economic times"....