I would add to that the US debt problem is going to drive this higher. The US is caught between a rock and hard place with no way to go but debt debasement.
The US can't afford rising interest rates which is why Trump is panicking to bring rates down. The problem is that makes US long term debt unattractive to real buyers, and those buyers keep moving into gold. Morgan Stanley CIO recently recommended a 60/20/20(gold) portfolio to replace the usual 60/40 they've been pushing for decades.
I would add to that the US debt problem is going to drive this higher. The US is caught between a rock and hard place with no way to go but debt debasement.
The US can't afford rising interest rates which is why Trump is panicking to bring rates down. The problem is that makes US long term debt unattractive to real buyers, and those buyers keep moving into gold. Morgan Stanley CIO recently recommended a 60/20/20(gold) portfolio to replace the usual 60/40 they've been pushing for decades.