This $8.8 Billion Fund Sees Financial Stress Spurring a Gold RallyBy
Rising U.S. debt load blamed for weaker dollar, helping gold
Consumer debt eroding benefits of wage growth, Sprott says
Rising U.S. interest rates, usually bad news for gold, are instead feeding signs of financial stress among debt-laden consumers and helping drive demand for the metal as a haven.
That’s the argument of Sprott Inc., a precious-metals-focused fund manager that oversees $8.8 billion in assets. The following four charts lay out the case for why gold could be poised to rise even as the Federal Reserve tightens monetary policy.