- In the shadow of depreciating currencies, gold stands as both a relic and a rebellion-buying groceries with regal flair but bowing to the cost of a truck or Manhattan penthouse. Valuation? A riddle wrapped in a basket.
- Hambro, with the solemnity of a man who’s seen too many spreadsheets, declared, “Momentum is the drunken sailor of markets-the trend is your friend, if your friend is a runaway train.” Gold’s ascent? A “could go higher” whisper from the crypt of logic.
- Miners’ margins, he noted, gleam like unpolished coins. Yet analysts cling to outdated price decks like Soviets to five-year plans. Surprise earnings? A “volatile journey,” he warned, as if cautioning against bear traps in a minefield of hope.
BlackRock’s Evy Hambro, a modern-day scribe of the gold standard, reframed the age-old question: Is gold overpriced? Why ask when you can measure? In a Bloomberg interview, he proclaimed that gold now buys more loaves of bread than before but fewer F-150s or Park Avenue condos. Thus, valuation is a dance between baskets-one of humble fare, another of luxury. Overpriced? Only if your basket is curated by a communist.
Gold’s rise, he argued, is part of a grander “macro adjustment”-a societal reckoning where paper money, that fragile parchment of trust, is pitted against the cold, unyielding weight of real assets. “The trend is your friend,” he intoned, as if quoting a prophet of volatility. Should investors keep trading dollars for ounces, gold might yet ascend to heights that make the moon look like a flea market.
This purchasing-power paradox explains the market’s schizophrenia: record prices coexist with bullish bets. Gold, Hambro mused, preserves its clout for daily bread while faltering on big-ticket dreams. A single metric? A fool’s errand, akin to judging a symphony by its sharpest note.
For crypto enthusiasts, gold’s tale is a mirror to Bitcoin’s fixed-supply dogma. Both fight inflation, but one is a glittering heirloom, the other a digital ghost. Different paths, same destination-or so the alchemists claim.
On miners, Hambro offered no explicit verdict but hinted at margins fat enough to satisfy a Cossack. Analysts, he noted, still model gold prices like they’re drafting a letter to the KGB-cautious, backward-looking. If reality outpaces their projections, profits may surprise, though volatility, that old companion, will linger like a hangover.
Gold and silver, he distinguished, are as different as Stalin and Stalin. Silver’s industrial ties-solar panels, batteries-make it a servant of progress, while gold remains a monarch of mistrust. Lease-market tensions? A scramble for physical supply, not a sign of misalignment, he quipped, as if markets were just a game of musical chairs.
At press time, gold traded at $4,202.60, up 59.95% year-to-date, while Bitcoin, that crypto chameleon, hovered at $113,042-a 20% gain. Together, they form a duet of defiance, though one sings in bars and the other in blockchain. 🌟
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2025-10-15 14:28