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Gold and silver forecast and Russian gold - often amazed, but never surprised

CPM Group

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CPM Group's Jeffrey Christian provides a brief Gold and Silver update for the second quarter and the second half of 2022.There is an explanation as to why and how the 2020 massive amount of money creation may not lead to either hyperinflation nor unreasonably higher gold prices, how monetary authorities have effectively neutralized the inflationary risks of past periods of monetary largess over the past 40 years, and how they may do it again. Investors betting on an "inevitable" super rise in gold prices as a consequence of the 2020 monetary accommodation are likely to be disappointed once again.

Jeff then discusses current conditions in the Russian gold market, which is being overwhelmed by citizens wanting to buy small gold bars in the face of massive economic dislocations. Banks are selling the gold they buy from domestic miners and refiners to these retail investors at premium prices, and are not selling gold to the Russian central bank at discounts. The Central Bank of Russia meanwhile ended its earlier proposal to buy gold at a discount to market prices.

Click here to watch the video.

By CPM Group

Contributing to kitco.com

Contact info@cpmgroup.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.