A quote from an articleAs we’ve noted many times, inflation is...

A quote from an article

As we’ve noted many times, inflation is the preferred method of “paying off” debt a government owes in its own currency.

To this end, MacLeod notes that governments are printing trillions in currency annually to prop up their economies with limited results – other than the certainty of inflation and higher interest rates down the line. As interest rates rise, money-printing will accelerate to match, resulting in even higher inflation to offset the debt and relieve pressure.(And to think, we’re yet to experience the effects of a single rate cut despite the current high rates!)

Despite gold’s price rising over the last three years, MacLeod believes we aren’t really seeing a bull market yet. He says that interest in gold is disappointing, with nearly every investor, public and private, severely underweight in gold. MacLeod estimates that, of the $150 trillion in global savings, less than 1% is currently in gold.

Never mind prices: when these portfolios adjust to 5%, 10% or even what MacLeod finds a more reasonable 15%, where is the gold going to come from? Merely adjusting to 2% would require 23,000 tons of physical gold! That’s 10%of all the gold mined in human history…

We already know what a 1,000ton annual purchase for two consecutive years does for gold. We’ve seen it over the past two years with the official sector. Since central banks aren’t likely to stop these purchases, MacLeod leave sus wondering just how soon the rest of the world will catch on.

When $150 trillion in global savings begins to diversify with gold, just how fast and how far will gold’s price rise?

https://www.zerohedge.com/markets/incoming-gold-shortage-nobody-talking-about

NST might be moving into peak production, just as gold starts its vertical price climb. A nice serendipity!