Gold Surges on Dollar, Stimulus Hopes With Election Outcome Near
Comment of the Day

November 05 2020

Commentary by Eoin Treacy

Gold Surges on Dollar, Stimulus Hopes With Election Outcome Near

This article by Yvonne Yue Li for Bloomberg may be of interest to subscribers. Here is a section:

Strong performances across most commodities with stocks sharply higher and the dollar lower is “in the realization that the combination of a Biden win and senate majority by the Republicans may remove a great deal of policy uncertainty,” Ole Hansen, head of commodity strategy at Saxo Bank A/S, said in a note.

Eoin Treacy's view

The big question for many individuals at present is how do we insulate ourselves from the trend of massive and continued monetary and fiscal stimulus? The purchasing power of fiat currencies continues to fall and that is helping to inflate the prices of all assets. The answer is increasingly to lock down ownership of physical assets in limited supply now, before the price goes up any further.

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