00:00If you invest in gold and silver, this is a pretty good day for you. So we really see precious metals surging at the moment. Do you think that this is pretty normal in this kind of circumstance?
00:13Absolutely. I mean, the knee jerk reaction is to go for the safe haven. The feeling is that gold, it's something you can touch, you can hold it in your hand. You know, that will always be something that will be will not lose its value.
00:27Add to that the less reliable that the U.S. is as a as a military ally, as a financial ally, the less that central banks who are big holders of gold in their in their portfolio of reserves, the less they want to be associated with the U.S. dollar because U.S. policy seems so erratic at the moment.
00:49So we have seen some of the smaller central banks over the past year or so sort of snowy diversifying away from dollar assets, not just dollar cash, but U.S. Treasury bills and bonds, some of them even cold equities.
01:02And they're looking toward gold, which feels a little bit safer.
01:06And as this rhetoric continues, and let's be honest, I think it's unlikely we're going to see a resolution anytime soon.
01:13Donald Trump has been going on about Greenland for years and really seems to have the bit in his teeth about it at the moment.
01:20I think that despite the fact there are some analysts saying maybe gold looks a little topish after that rally last year, given these these economic and geopolitical uncertainties, these hard metals, gold and silver in particular, are going to look like pretty safe bets.
Comments