John Ing discusses the political & economic drivers of gold prices this year .. “Gold is a beneficiary of negative interest rates. Confidence in our central banks is fading fast as they attempt another unorthodox maneuver to revive the global economy. The dilemma for central banks is that their creation of money has been unsuccessful to boost spending but instead created bubbles while debt keeps mounting. What ballasts the U.S. monetary system is debt. In today’s volatile world, the metal is back in fashion due in part to the world’s central banks having exhausted the familiar false remedies. That toxic combination is good for gold, as is the coming election in the United States.”

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