By Adam Trexler, President and Founder, Valaurum® The world’s central banks—the government bodies tasked with managing their countries’ monetary policies—have been on a gold-buying spree for the past decade. Today, the gold held in central banks’ reserves totals more than 30,000 tons. Even though deficit pressures caused by the Covid-19 pandemic required some central banks to sell modest amounts of gold in the third quarter of 2020, central banks have been net…

By Adam Trexler, President and Founder, Valaurum® Imagine a scenario where the US presidential election is too close to call, election officials and competing teams of lawyers must scrutinize ballots, and ultimately the outcome must be decided by the Supreme Court. In such a time of deep uncertainty, investors look for stability and bid up the price of gold. I’m not forecasting that this will transpire in 2020, but as we know,…

As I write this, gold futures have surged to their highest level on record – topping $1,900 an ounce. This is a record high, surpassing even the height of the 2008 financial crisis and its aftermath.  There are many reasons why investors are clamoring for gold, starting with fears of a pandemic-driven recession, rising unemployment and social unrest. We’re also experiencing near-zero interest rates and equity market valuations that seem disconnected from economic reality. Then,…