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
- 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.