PAAS - Why Gold Is Moving Higher From Here
- The Fed has enabled the monetary base to balloon by approximately 600% since 2008.
- While the price of gold has a close correlation with monetary base expansion, if gold had expanded by 600% since 2008, it would be at $5,600 now.
- Despite higher inflation, the Fed Funds rate and Treasury yields are likely to remain lower for longer this time.
- The current monetary, debt, inflation, interest rate dynamic is favorable for gold price.
- We discuss some of our favorite names in this space.
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Why Gold Is Moving Higher From Here