(Kitco, Tues. Sep.10th, 2019) –  Gold has erased some of the solid overnight price losses in  mid-morning U.S. dealings Tuesday. The safe-haven metal has come up from its daily lows as the U.S. stock market has turned down. Would-be bargain hunters have also stepped in to “buy the dip” in gold prices. December gold futures were last down $4.60 at $1,506.50.

Hold gold, global currency debasement looms – Blackrock

(Kitco, Tues. Sep.10th, 2019) – The chief investment officer of the world’s largest asset management firm is recommending investors to hold some gold to protect themselves if central banks introduce aggressive monetary policy easing policies.

In a commentary published last week, Rick Rieder, chief investment officer of BlackRock, said that central bank action around the world has done little so far to push inflation back to 2% inflation targets. He added that if central banks want to achieve that goal they are going to have to get a lot more aggressive, which means sovereign debt yields will fall further into negative territory.

Rieder said that market forces to push inflation have become ineffective because in the new digital age, consumer have instant access to market inflation.

Posted by :

Jack Dempsey, President

401Gold Consultants LLC

jdemp2003@gmail.com