War, debt, inflation, Age of Gold

War, debt & inflation have become fixtures in a world defined by the intensifying power struggle between the unipolar vs the multipolar world. In this new geopolitical and economic paradigm, gold will benefit from lower substitutability between precious metals and other safe haven assets. The Ukraine war is a proxy war between the US & Russia, and Washington has belatedly come to the conclusion that a Ukrainian defeat will deal a major blow to the US hegemony. Washington seems to have also decided that it will do whatever it takes to stop/slow China's ascent as a technology competitor. The cost of containing China and defeating Russia will be high and the deal that emerged from the debt ceiling crisis shows that debt sustainability is not a top priority for Washington in a time of war. The decision by the Bank of Japan to drag its feet over normalizing interest rates tells us that inflation will not be not a priority for Washington for much longer as higher interest rates would only accelerate the coming of a real debt crisis. Gold is also benefiting from diversification out of the dollar. China buying up gold is set to continue as US China relations worsen and geopolitical risks proliferate. David Woo, a former top-ranked Wall Street global macro strategist tells it as it is. You may not agree with everything he says but he will make you reassess everything you thought you knew. Find out his gold price prediction.

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