Luke Gromen Shares A Masterclass On Why US Treasury Creditors Are Turning To Gold As The Reserve Asset

Submitted by GoldFix; Authored by Chris Marcus

For today's column, we have something a little bit different.

Because while there is certainly plenty happening that is worthy of comment, I'm not sure it would be possible to put it all in better context than how Luke Gromen just did in the interview I recorded with him yesterday.

This is the one I mentioned on Tuesday, that is perhaps the episode of the Arcadia Economics YouTube channel that I've been most looking forward to in the entire time I've been doing the show.

So I've posted the gold and silver charts below, but rather than writing any more today, I would just say that if you are invested in gold and silver, and perhaps even more significantly if you are not, if I could only offer you one single thing of value, this would be it.

Luke is absolutely brilliant, and the interview lived up to and even exceeded my expectations, as he laid out in his typical brilliant, yet easy-to-understand fashion why the world is shunning the US treasury in favor of gold.

Luke explains what the Trump administration tried to do, what they're now doing, and what he thinks they're ultimately going to have to do, whether they yet realize it or not.

He also explains why we've reached the point where it's no longer easy to push off the consequences of decades of American policy and profligacy, and why some of the shifts we're seeing now are still just getting underway. And of course we also got Luke's thoughts on the silver market too.

So I really hope you enjoy it, and that it ends up being as beneficial in your life as all of his insight and knowledge has been in mine.

Lastly, just for a quick look at today’s gold and silver charts, here you can see the gold futures, which are currently down $22 to $3,375.

And here’s silver, where the futures are down 18 cents to $39.23.

One last note before signing off, is that I will be taking a bit of a break this weekend, including Friday and the following Monday.

Sincerely,
Chris Marcus

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