gold, page-75464

Buying junk bonds BBB minimum quality. It was announced but I haven’t read any physical purchasing. Back stop? Buying gold bars for them doesn’t serve any purpose especially when it is so elevated. Why do you think QE is coming back? Or Repo? They are the dealer of last resort when the commercial primary dealers were tapped out of market making powers when the rush for exit all at once in all credit markets. Gold is just a side effects of the fear.

I see currently as that fear subsided when equity bounced back and ditto gold price, I hold the gold space with more confidence regardless of CBs are buying or not. Let’s keep it real away from conspiracies. We are already choked by Covid conspiracies daily.