Categories: Precious Metals
Topics: General Precious Metals

Central Banks, Gold & The Death of Capitalism?

It's official, the world is going all-in on what everyone scoffed at just a couple years ago.

Fitch and Zero Hedge reported last week that, for the first time ever, negative-yielding government debt has risen above the $10 trillion mark.

One-third of all global government debt now has a negative yield.

The milestone is pressuring investors seeking yield, such as pension funds, into riskier assets in hopes of delivering any significant return on capital.

I’ve mentioned before that I believe the dollar will one day weaken in a very significant way, and that the weakness will contribute to and accelerate the rise in the price of gold.

But that dollar weakness will not be the catalyst for that rise.

The catalyst will be the outflows from portfolio managers, pension funds, and insurers that will be forced to seek alternative investments.

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