GOLD Gold has broken out to all-time highs—above $3,000 per ounce—driven by demand from central banks and Asian buying. Further upside is possible as North American investors, who have been sitting on the sidelines, decide to participate. SILVER We believe silver’s dual role as a precious and industrial metal make it uniquely attractive; heavily used in industries like electronics, solar energy and electric vehicles (EVs); currently undervalued relative to gold.
“I think we’re in a long-term bull market* in Gold. We’re seeing reserve accumulation by central banks. I follow it closely. It’s my biggest position.” – Scott Bessent, U.S. Secretary of the Treasury, Nov. 4, 2024.