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Gold Highest Closing Price Ever: Western Sentiment Still Trash

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.

GOLD Highest Closing Price Ever w/ Sentiment Still in the Trash

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James Anderson
James Anderson
Senior Market Analyst & Content

A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. He has authored several Gold & Silver Guides and has been featured on the History Channel, Zero Hedge, Gold-Eagle, Silver Seek, Value Walk and many more. You can pick up Jame's most recent, comprehensive 200+ Page book here at SD Bullion.

Given that repressed commodity values are now near 100-year low level valuations versus large US stocks, James remains convinced investors and savers should buy and maintain a prudent physical bullion position now, before more unfunded promises debase away in the coming decades...

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