“Gold is really becoming the de facto reserve asset around the world.” – 00:01:02
Will Rhind, CEO of GraniteShares ETFs, joins Remy Blaire at the New York Stock Exchange to discuss the recent surge in gold prices, which have reached a historic high of over $4,070 per troy ounce. The segment opens with an overview of the factors driving this increase, including investor flight to safety amid economic uncertainty and geopolitical instability. Remy highlights the significant role that central banks have played in this trend, as they have been accumulating gold for over a decade, making it the world’s second-largest reserve asset.
Will explores the dynamics of the gold market, noting that gold has officially surpassed the euro as a preferred reserve asset, positioning it as a key alternative to the U.S. dollar. Remy and Will discuss the current economic landscape, where the S&P 500 continues to reach new highs, and gold is outpacing major equity averages, including Bitcoin.
Will shares insights into the factors that are likely to influence gold prices moving forward, such as ongoing geopolitical uncertainty, persistent inflation, and the easing of monetary policies by central banks. He emphasizes the record levels of government debt and the increasing money supply as critical elements contributing to gold’s rise.
The conversation shifts to gold mining stocks, which are also experiencing a resurgence. Will explains that while these stocks have historically lagged behind gold prices, they are now gaining traction. He discusses the challenges that mining companies face in controlling costs, which have often hindered their performance relative to gold itself.
Remy and Will also delve into the growing demand for options-based ETF strategies, particularly in the context of investors seeking alternative income sources in a high market environment. Will highlights GraniteShares’ yield boost ETFs, which offer substantial annual yields and weekly distributions, catering to investors looking to convert potential future growth into immediate income.