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If you treat the fact that gold’s dollar price never goes to zero as a meaningless aphorism, you’ve missed the point entirely. Yes, its dollar price can vary immensely, and go very low (or very high) at times. It sold for little more than $250 in 1999, for instance. Circumstances—and human response to those circumstances—can […]
On the Road Again HAI will be very brief this week. This author is on the road again, attending a 20-year college reunion. It’s been made clear by many of those I hold dear that full attendance is mandatory. That said, it was another brutal week for the precious metals and, to some extent, markets […]
Another quiet week for precious metals, with gold and silver rising just over 1%. Platinum and palladium took a small step back reflecting some weakness across the industrial metals. Equities continued their strong upwards movement, with the S&P 500 reaching a new record high and the dollar creeping up to 99.5. Despite June historically being […]
In this week’s commentary, David McAlvany looks at the massive spending behind AI and asks where the more durable opportunity may actually be. Goldman Sachs is calling it HALO: heavy assets, low obsolescence. Rather than chasing the front end of the AI trade, this episode explores the commodities and hard assets that may benefit from […]
This week the McAlvany analysts update their assessment of national and world events and those events’ subsequent impact on precious metals. The upshot of that analysis is really pretty simple: the world economy is going through massive changes, and those changes bode well for gold. Of course, there are many factors in play, so the […]
Proof of Concept William E. Simon, former Secretary of the Treasury under Presidents Nixon and Ford, famously said, “I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation, but love everything that causes it.” For the last 50 years, the structure of the post-1971 dollar-based global petrodollar system […]
Precious metals had a quiet week with gold and silver slipping 1.8% and 1.5% respectively. Beneath the calm price action, discussion around inflation, oil prices, and Fed effectiveness highlighted the importance of finding opportunities to rotate between metals. Let’s take a look at where prices stand as of Wednesday, May 27: The price of gold […]
Gold and silver appear to be reaching a major inflection point as central banks continue their aggressive accumulation of gold. While general investors have been slow to follow, that may be changing as confidence in paper assets begins to weaken. This week, David McAlvany looks at the tech stock melt-up, why it may be running […]
