I am enjoying the commentary as usual.
I had two questions for which I would be grateful for your opinion:
I don't understand why gold should be priced differently in different currencies. One would have thought that the market would arbitrage out the differences.
The second one is more general and applies to looking at long term trends such as that for oil versus the stock market. Could it not be argued that technology changes such as the advent of green energy or electric cars or indeed new modes of producing oil (fracking, oil sands etc) render these charts ineffective as predictors of future price action?
I thank you and look forward to hearing from you in due course.
Thank you for these questions which I’m sure will be of interest to other subscribers. Gold is a commodity and subject to supply and demand fundamentals just like everything else but it is also a monetary metal. That means it tends to trade more like a currency than a commodity.Click HERE to subscribe to Fuller Treacy Money Back to top