There Is No Gold But Gold

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 18 February 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

“GOLD.” That’s it; that’s the tweet Jared Dillian has published twice in the last couple days, as the yellow metal has surged more than 2%. A store of value (and a medium of exchange) for millennia, gold didn’t respond as inflation fears swelled during 2021. Now that the Consumer Price Index and the Producer Price Index are hitting multi-decade highs, though, alongside still-rising tension in Eastern Europe, it’s back in favor. Dillian, editor of The Daily Dirtnap, says 30% of his portfolio is made up of gold, silver, and precious-metals miners. And two weeks ago he tweeted, “I have a hunch that what’s coming next will make it feel like it’s not enough.” Dillian joins Real Vision Daily Briefing host Ash Bennington to talk about gold and why it remains a sound investment. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3GREEgR Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:26.7	Based on customer numbers for verification email, advertising at MailChimp.com.
0:35.6	Welcome to the Real Vision Daily Briefing. It's Thursday, February 17, 2022.
0:40.8	I'm Ash Bennington, joined today by Jared Dillion of the Daily Dirtnap.
0:45.6	Let's take a look at US equity markets right off the bat, not a good day across the board.
0:51.8	Looks like S&P 500 bouncing around a little bit, closing out
0:55.2	down 2.12%, that's down to 4380 right now.
1:02.1	Big loser of the day, the biggest loser of the day, I should say,
1:05.2	Nasdaq composite off, two spot, eight eight percent, nearly three percent,
1:09.6	closing out the day at 13,716 Dow Jones industrial average, also off
1:16.4	significantly minus 1.78% on the day, closing out at 34,311 gold price on the day.
1:27.4	I think it's up about one and a half percent, closed looking at right now like 1898,
1:33.9	$1898, $1898 per ounce on gold. Geopolitics, once again, in the headlines,
1:40.8	US Secretary of State, Anthony Blinken saying,
1:44.0	the risk of Russian attack in Ukraine remains, quote, very high.
1:49.0	Secretary of State offering a meeting to his counterpart,
1:52.8	Sergei Lazerov, lots to talk about, lots of speculation about inflation and rate hikes,
	...

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