Surging Liquidity Is Fueling Higher Inflation | Bob Elliott
Supply Shock
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Exploring Central Banks' Interest in US Bonds and the Case for Gold
This chapter analyzes the factors influencing foreign central banks' interest in buying US bonds, the challenges they face in diversifying away from dollar assets, and the potential repercussions of re-appropriating assets. The discussion also highlights the movement of gold prices, its diversifying qualities compared to bonds, and the demand drivers such as Chinese residents seeking alternatives to the yuan. Additionally, the conversation delves into the comparison between Bitcoin and gold, the historical performance of gold as a portfolio diversifier, and the reasons why macro investors prefer assets like gold and commodities over equities for risk management and portfolio diversification.
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