Kitco Interview

We discussed the price of gold, factors affecting the US dollar, negative interest rates, the housing bubble, and how the election temporarily affected the price of gold.  

Key Discussion Points

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  • The price of gold is not a function of movements in the US dollar except in the extreme short term, and even then, not always.
  • Stop being so US-centric about the dollar itself.
  • Gold does poorly in disinflation and when faith in central banks is high. Recall the Greenspan era.
  • Why the election had a short-term negative impact on the price of gold. 

Mish