As the price of gold trades close to the psychologically important $2,000 level, it appears available physical gold is disappearing off the market. This may fuel the price of gold to new all-time highs.

November 18 (King World News) – Alasdair Macleod:  As far as bond yields are concerned I can see that US Treasury yields may be drifting lower with people sort of turning more positive. I can see the 10-Year drifting back to 4.25%. It might even drift back to around 4%. But the interesting thing is that while I would regard gold as a crisis indicator, the gold price is going up and so is silver, and it’s been going up at the same time as energy prices have been falling. So interesting times, Eric.

I think we are crossing some sort of Rubicon. I wouldn’t mind betting that the really big money — foreign central banks, foreign wealth funds, ultra high net worth individuals — they are probably using the opportunity to get gold, if they see it, because this is the other problem, there isn’t a lot of physical around. And I think the fact that gold…to continue listening to Alasdair Macleod discuss available physical gold disappearing off the market, and the coming storm that is already beginning to ignite the gold and silver markets CLICK HERE OR ON THE IMAGE BELOW.

© 2023 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.