Gold is the 'North Star' in a world drowning in debt - Sprott’s Ryan McIntyre - KITCO

Source: KITCO

―

DW NOTE

Sprott's pitch assumes gold is a haven from debt. But global reserves just shifted *toward* the dollar — up to 57.13% in Q1 from 56% — even as the Fed holds rates in the 3.5%-3.75% band and Washington runs a $1.4 trillion deficit through June. When sovereign treasurers pick dollars over gold during an energy shock, the "North Star" metaphor collapses on contact with actual capital flows.

Read the full story at KITCO →