Summary
- Gold price reached its highest ever, but it's not widely known due to focus on other asset classes, especially tech stocks.
- Most asset managers in the West have little to no gold allocation, but are buying into Bitcoin.
- US government debt keeps rising, with concerns about its sustainability.
- Sentiment towards gold in the West is negative, despite its price increase.
- Physical gold and silver are flowing from West to East (China, India, and central banks).
- The gold price is expected to rise further, driven by various factors.
- This potential gold bull run may surpass the one in the late 1970s.
- Eastern countries, especially China, are actively buying gold, while the West remains passive.
- The US threatening to seize Russian assets strengthens the case for gold as a safe haven.
- Emerging markets are advised to allocate 20% of their reserves to gold.
