US Global Investors says Costcos Gold Sales are Shaking Up the Market
–News Direct–
U.S. Global Investors CEO Frank Holmes joined Steve Darling from Proactive to delve into the enduring allure and recent market dynamics surrounding gold. Over the span of the century, gold has consistently proven its mettle, outperforming the S&P 500 by an impressive margin of 50%. This enduring value of gold has been influenced by a myriad of factors, including deliberations among G20 finance ministers, central bank policies, and the tenets of modern monetary theory (MMT).
Holmes underscored the significant role played by central banks in bolstering gold's prominence, noting a trend of consistent acquisitions dating back to 2010. Over the past two years alone, central banks have collectively added an average of 1000 tonnes of gold to their reserves annually...