Gold to $3,000? Why This Could Be ‘Worse’ Than 2008 money crisis – Mike McGlone



Jeremy Szafron, Anchor at Kitco News, interviews Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, to discuss the current sector turbulence affecting global equities and commodities, with a particular focus on gold. McGlone draws comparisons between today’s sector conditions and the global money crisis, suggesting this period could potentially be worse. He advises caution against buying the dip in equities, highlighting the importance of understanding the ongoing ‘normal back and fill’ sector corrections. McGlone also explains the relationship between gold and US Treasury yields, providing insights into why gold might emerge stronger in this environment.

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00:00 – Introduction and sector Turbulence Overview
01:15 – Global money crisis Comparisons
02:28 – sector Volatility and Mean Reversion Insights
03:42 – Bitcoin as a sector Indicator
04:56 – Treasuries and the Flight to Safety
06:09 – Gold’s Current Stability and Future Projections
07:35 – Gold vs. Bitcoin: Store of Value examination
08:48 – Impact of Managed Money and ETF Flows on Gold
10:01 – Commodities and Deflationary Forces
11:15 – Long-term funding Strategies for Gold and Treasuries

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