Gold | CMI Gold & Silver - Part 6
Monday, May 23rd, 2022 MST

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Category: Gold

Silver is cheap, dirt cheap

In this clip, billionaire investor Paul Tudor Jones talks about gold being the investment for the next 12 to 24 months. In fact, he states that gold “has everything going for it.”  A few days later, Bloomberg reported that Tudor pulled the trigger on an $82 million purchase of gold-related shares.

Europe’s woes put pressure on gold

Because of Germany’s weakening export driven economy and because German bonds are preferred by the European Central Bank, yields on the country’s 10-year bonds recently went negative.  Consequently, European bond investors, primarily made up of  banks and insurers that depend on income, have turned to US Treasuries.  This has resulted in upward pressure on the