“McAlvany: Market Seeing "Best Set Up for Gold Ever," Silver Offers More Torque”
Gold is a net winner over the next 12-36 months due to declining demand for sovereign debt; keep physical metals for defense.
I know that we always talk about gold and silver. We'll get to that in a moment, but what percentage are you allocating here?
So, while we hedge with physical metals, I know that you described in your memo this as the best position for gold that you have seen in over 50 years of trading the metal. It is clear that you have not traded in it for 50 years, but in the 50-year history of trading, what makes this current environment fundamentally different from previous gold bull markets ?