Years ago I read a great fundamental analysis of what drives gold. The conclusion was 'negative real interest rates' is the best fundamental for gold.
Yet, oddly, now we have inflation 2% (according to US fake numbers). In reality it is 'some number higher'. And official rates for cash are about NIL and in some cases for really solid cash/German bonds... NEGATIVE. So, honestly, currently these negative interest rates 'should be' positive for gold.
Yet, can one simply say that is NOT a fundamental for gold. Is there NO fundamental for gold?
- Forums
- Commodities
- Grexit
Years ago I read a great fundamental analysis of what drives...
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)