October 25, 2024 – Whether it's the US dollar, Chinese Renminbi, Japanese Yen, Euro, or British Pound, gold is seeing an astonishing level of strength relative to nearly every single currency in the world, up 25% year to date relative to the Malaysian Ringgit on the low end and up 62% compared to the Argentine Peso. We discuss what's happening with the price of gold currently, what we're seeing with gold and silver ETF flows (an approximate measure of retail investor participation), as well as a number of other charts, data, and trends related to the upcoming Presidential election, amount of US debt maturing over the next 12 months, and much, much more.
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Charts discussed on today's show (all charts sourced from Bloomberg):
Gold relative to world currencies
World currencies relative to the US dollar
Gold and silver ETF holdings
Gold ETF holdings vs gold price
Silver ETF holdings vs silver price
Presidential betting market odds
Amount of US govt debt maturing in 12 months
Percent of US debt maturing in 12, 24, and 36 months
