As the Dollar Continues to Fall, Banks Scoop Up More Gold
The market numbers might look great on the surface, but much of the inflated value is coming from an excessively devalued dollar. Bank executives know this, that's why they are scooping up gold. The precious metal has been rising in value; could it go higher if this trend keeps up? Swiss America CEO Dean Heskin and Chris Agelastos examine what's happening and why banks are taking in increasing amounts of gold on The Secret War on Cash.
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Articles referred to in this podcast:
https://uk.investing.com/analysis/gold-bull-trend-likely-to-resume-this-week--watch-out-for-breakout-above-2365-200609527
https://www.morningstar.com/news/dow-jones/202406181282/central-banks-expect-to-snap-up-more-gold-this-year-amid-dollar-pessimism
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