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Gold at $4,000 is roughly 15% of the “shadow” gold price, which is the price gold would need to reach to fully back current currency in circulation and bank reserves.
That ratio is well below the historical average. And historically those two numbers have moved toward each other.
Taylor McKenna, an analyst at Kopernik Global Investors, joins The Gold Exchange to walk through the shadow gold price framework, how they use an incentive price to know when to buy and sell commodities, and why platinum trading at 40% of the gold price may be one of the more interesting setups in precious metals right now.
Watch here: youtube.com/watch?v=4VUrEv…
That ratio is well below the historical average. And historically those two numbers have moved toward each other.
Taylor McKenna, an analyst at Kopernik Global Investors, joins The Gold Exchange to walk through the shadow gold price framework, how they use an incentive price to know when to buy and sell commodities, and why platinum trading at 40% of the gold price may be one of the more interesting setups in precious metals right now.
Watch here: youtube.com/watch?v=4VUrEv…
1:11