Email of the day on when gold does best:
Comment of the Day

August 26 2022

Commentary by Eoin Treacy

Email of the day on when gold does best:

Your stated position on Gold, is that it did well in a low interest rate environment but is struggling now in the face of rising interest rates and strong US Dollar.

But surely with inflation hard wired into system, we are still in a relatively low interest rate environment, as interest rates should be around about 11% to effectively reduce inflation.

I have bought more gold today, regardless of outcome of the FED meeting today.

Eoin Treacy's view

Thank you for this email which may be of interest to the Collective. My stated position is gold does well in a negative real interest rate environment and when the Dollar is trending lower. Incidentally, that is also when the emerging markets also tend to do best.

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