Money Flows Haven’t Even Started to Favor Gold Yet

Following the money isn’t just good journalism – it’s good for determining investment trends. And following the cumulative flows of money since 2020, gold still hasn’t caught investor interest:

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Gold has had less than 5% the capital flows of stocks over the past five years. (Source: BofA Global Research)

The gold rally to over $4,400 this year has been driven by central bank buying and a supply crunch – not retail investors’ interest.

If AI stocks are, in fact, about to crash, as Harry Dent and Adam O’Dell will be making the case for today, gold’s sitting at a 10% discount to the market high.

~ Addison

P.S. As you know, since the release of Anatomy of a Stock Market Bubble, we’ve been highlighting signs of a bubble when we see them. Tomorrow on Grey Swan Live! we’ll be joined by bestselling author Harry Dent on the cross-section between AI, shifting generational demographics, and what happens when the terrifying bull market gets even more terrifying…

We’ll go behind the scenes of Harry’s releasing his own “AI Crash” forecast with Grey Swan collaborator Adam O’Dell, which comes out this afternoon.

To get on the list to receive Harry and Adam’s research findings, click here. Don’t wait, their research comes out at 1pm today.

Feel free to send your Grey Swan Live! questions for Harry to feedback@greyswanfraternity.com.

Turn Your Images On

Gold has had less than 5% the capital flows of stocks over the past five years. (Source: BofA Global Research)

The gold rally to over $4,400 this year has been driven by central bank buying and a supply crunch – not retail investors’ interest.

If AI stocks are, in fact, about to crash, as Harry Dent and Adam O’Dell will be making the case for today, gold’s sitting at a 10% discount to the market high.

~ Addison

We’ll go behind the scenes of Harry’s releasing his own “AI Crash” forecast with Grey Swan collaborator Adam O’Dell, which comes out this afternoon.

To get on the list to receive Harry and Adam’s research findings, click here. Don’t wait, their research comes out at 1pm today.

Feel free to send your Grey Swan Live! questions for Harry to feedback@greyswanfraternity.com.

Debts and deficits will eventually cause a crisis. Treasury Secretary Scott Bessent’s effort to help bail out the Japanese Yen this week is entirely motivated by self-preservation. The contagion signal flashing in Japanese bonds since late ‘25 is infecting the BOJ, which may be forced to sell U.S. Treasurys to stabilize its own currency.

The copper price is no doubt benefiting from inflation driven by money printing. But the doc don’t lie. Copper’s new all-time highs, while gold and silver still languish, are a sign the AI growth story is also that of the global economy itself.

Many miners were profitable with gold around $2,000 and silver near $50. At sustained prices closer to $4,000 gold and $60 silver, the arithmetic changes dramatically.

The stock market is getting an unexpected boost to kick off August, bucking the historically weak summer session for the U.S. stock market.

What’s happening? The Bank of Japan and the U.S. Treasury are making a coordinated effort to support Japanese yen; a move last attempted nearly 30 years in the height of the Asian Financial contagion (1998).

Many miners were profitable with gold around $2,000 and silver near $50. At sustained prices closer to $4,000 gold and $60 silver, the arithmetic changes dramatically.

The stock market is getting an unexpected boost to kick off August, bucking the historically weak summer session for the U.S. stock market.