Three Reasons Why Gold's Record Run Is Different
Date
1/31/2025 3:20:00 PM
(MENAFN- Asia Times)
Gold opened in London January 31 at an all-time record of $2.845 an ounce. Gold is an insurance policy against monetary and Political disaster. More precisely, it has become a unique insurance policy against systemic risk, breaking away from other assets it used to track – foreign currencies and other metals, for example, as well as inflation-linked Treasuries.
That should worry policymakers in Washington.
“I will end the war in Ukraine, I will stop the chaos in the Middle East and I will prevent World War III from happening, and you have no idea how close we are,” trump declared during his election campaign. Trump vowed to end the Ukraine War within a day of taking office, but an end to the war is nowhere in sight. The West won't accept Russia's core demand for Ukrainian neutrality. Meanwhile, Russia continues to grind out steady gains.
What will the US do if Russia achieves a decisive military victory over Ukraine? No one knows, and the price of end-of-the-world insurance continues to rise.
Gold's record run is unique in three ways.
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