CNN's John Defterios asks why gold hasn't doubled since russia crisis. He argues that if the U.S. is in trouble, other nations would be divesting of their Treasuries and turning to gold as a reserve asset. But he says there are too many paper derivatives on gold for it to make any real difference right now. The only thing you can conceive of is whether demand or supply is expanding faster than demand at this point," defterios writes.
MacroVoices Erik Townsend and Patrick Ceresna welcome Luke Gromen to the show to discuss foreign divestiture of U.S. assets, inflation, precious metals, Luke’s outlook for the USD, and much more. https://bit.ly/39l40sH
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