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Freezing of Russian foreign assets has triggered a structural change in the demand for gold, and the shift in US foreign policy from Pax Americana to Pax Trumpiana has accelerated and broadened gold ownership. Traditionally, with large above-ground stocks of gold acting as a pool of supply, gold prices have been largely determined by the relative strength of demand. However, to meet this increased demand, a structural response, which so far has been constrained, from the supply side is necessary. After the US abandoned the gold standard in 1971, gold took 38 years to surpass $1,000 in March 2008. It reached $2,000 in August 2020, doubling in 12 years. The pace accelerated, breaking $3,000 on March 14, 2025, in just under five years. With each $1,000 phase taking two-thirds less time, could $4,000 be next?
Speaker:
This podcast was recorded on 28 March 2025.
4.2
7272 ratings
Freezing of Russian foreign assets has triggered a structural change in the demand for gold, and the shift in US foreign policy from Pax Americana to Pax Trumpiana has accelerated and broadened gold ownership. Traditionally, with large above-ground stocks of gold acting as a pool of supply, gold prices have been largely determined by the relative strength of demand. However, to meet this increased demand, a structural response, which so far has been constrained, from the supply side is necessary. After the US abandoned the gold standard in 1971, gold took 38 years to surpass $1,000 in March 2008. It reached $2,000 in August 2020, doubling in 12 years. The pace accelerated, breaking $3,000 on March 14, 2025, in just under five years. With each $1,000 phase taking two-thirds less time, could $4,000 be next?
Speaker:
This podcast was recorded on 28 March 2025.
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