GLD: Loss Of Confidence In The Dollar Will Ensure Gold Rises

Oct. 29, 2024 1:29 AM ETSPDR® Gold Shares ETF (GLD), XAUUSD:CURDBP, GLTR, JJP, IAU, BAR, SGOL, OUNZ, GLDI, GLDM, AAAU, BGLD, IGLD, GBUG, IAUM, PHYS, UUP, USDU, UDN19 Comments
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Real Investments
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(12min)

Summary

  • The U.S. Treasury market is losing customers due to its reliance on issuing more debt to pay existing debt, making it unsustainable.
  • Inflation erodes the purchasing power of U.S. Treasury bonds, causing investors to lose money in real terms.
  • Traditional buyers are decreasing their demand for U.S. Treasury bonds, while alternative assets like gold are gaining popularity as a hedge.
  • Investors should consider GLD or physical gold to protect against inflation and potential loss of confidence in the US dollar.

Anthony Bradshaw

Preamble

Many explanations have been touted to explain the sudden rise in the price of gold and its doppelgänger SPDR Gold Shares ETF (NYSEARCA:GLD).

Rumours have been swirling around the web for months that a new gold backed

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