Former hedge-funder Matthew Karasz discusses the surge in gold prices, the role of gold as a safe asset, and global economic factors driving interest in gold. The podcast also covers the impact of Osympics on consumption habits and the challenges of high car loan interest rates.
Gold prices are soaring due to economic uncertainty, making it an attractive inflation hedge asset.
Novo Nordisk's Ozempic shows promise in treating type 2 diabetes, obesity, and potentially Parkinson's disease, with a market cap exceeding $500 billion.
Deep dives
Novo Nordisk's Success with Osympic and Parkinson's Potential
Novo Nordisk, with its drug Osympic, has found success in treating type 2 diabetes and obesity. Recent studies also suggest potential benefits for Parkinson's disease. The market cap of Novo Nordisk exceeds $500 billion, and last year, their drugs had sales of $21.1 billion. Expectations are high, with projections of the market reaching $50 to $100 billion.
Rising Car Loan Costs and Predatory Lending
Some individuals are facing significant losses due to high car loan costs, with interest rates more than doubling in the last five years. The average cost of car ownership has surpassed $1,300 per month. Dealerships practicing forced financing further exacerbate the issue, pushing people into loans with high interest rates.
Gold's Surge Amid Economic Uncertainty
Gold prices have soared, up approximately 14% in US dollars and 17% in CAD. Investors turn to gold as a store of value during times of economic uncertainty. Factors like rising tensions, inflation concerns, and the fixed supply of gold contribute to its appeal as an inflation hedge asset, despite concerns about its practicality in extreme scenarios.
Gold prices are soaring and nobody’s totally sure why. On this week’s TLDR, a primer on the gold market and some theories about why it’s so hot right now. Plus: why it’s never been more expensive to own a car, and how Ozempic could transform medicine — and the snack food aisle.
This episode was hosted by Devin Friedman, business reporter Sarah Rieger, financial educator Kyla Scanlon and former hedge-funder Matthew Karasz. Follow us on other platforms, or subscribe to our weekly newsletter: linkin.bio/tldr
The TLDR Podcast is offered by Wealthsimple Media Inc. and is for informational purposes only. The content in the TLDR Podcast is not investment advice, a recommendation to buy or sell assets or securities, and does not represent the views of Wealthsimple Financial Corp or any of its other subsidiaries or affiliates. Wealthsimple Media Inc. does not endorse any third-party views referenced in this content. More information at wealthsimple.com/tldr.
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