Gold is signaling that the next inflationary storm is about to arrive.
In the last year, gold has done several remarkable things.
First and foremost, central banks have acquired so much gold that the precious metal now comprises a greater percentage of foreign reserves than Treasuries for the first time in 30 years. What does it tell you that the entities that can literally print money at will are loading up on an inflation hedge?
Remember, we’re talking about global central banks, not just one single bank. And it’s not difficult to see why they’re loading up on gold. The precious metal has broken out against every major world currency.
The marke…
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