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MacroVoices #347 Ole Hansen: Commodities Can Go Up Even In Recession

Macro Voices

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Gold Is a Market That I Want So Much to Believe In

A lot of the things that we've been taught that gold is supposed to do it just hasn't been doing in this cycle I mean it's supposed to be a geopolitical hedge and on the day that there were missiles flying in 20 major cities in Ukraine under attack 20 bucks down on gold. So why is it that gold doesn't seem to be performing the way so many people thought it would well it really depends on first of all where you're sitting in the world, if you are priced based in dollars or Canadian dollarsYou are not particularly happy with the return that you've seen especially these past few months. The fact that gold is still an insurance policy so far this year that has cost you

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