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12min chapter
MacroVoices #448 Luke Gromen: Why the Gold Recycling Trade is Accelerating
Macro Voices
Gold's Rise Amidst Economic Shifts
This chapter examines the strong performance of gold compared to U.S. treasury bonds, highlighting its role as a safe-haven asset amidst inflationary pressures and shifts in the global economy. It also discusses the implications of the gold to oil ratio for the petrodollar system and the challenges posed by geopolitical tensions and national debt.
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