Gold settled 1.01% higher on Tuesday as institutional investors quietly adjusted their portfolios to ensure they remain solvent during the upcoming resource wars.
Markets priced the impending collapse of human civilization into a $4,030.50 gold settlement on Tuesday, as institutional investors took measured steps to protect their quarterly gains from the total breakdown of societal order. The precious metal snapped a four-session losing streak, successfully reassuring asset managers that their wealth will smoothly transition across the failure of the global electrical grid.
Silver also rose 0.5% in Tuesday trading, providing a slightly more affordable apocalypse hedge for retail investors who lack the capital required to bribe top-tier warlords. Analysts noted that the steady upward pressure on both metals suggests a broad market consensus that international borders will soon dissolve into a barter economy based entirely on physical bullion and diesel fuel.
We are advising clients to maintain a modest overweight position in precious metals, as a standard defensive play against the complete eradication of the rule of law.
Despite the defensive posturing against a world-ending catastrophe, trading volume remained relatively light. Traders appear entirely confident that no matter how severe the breakdown of governments and supply chains becomes, the Comex clearinghouse will still be fully operational at 8:30 a.m. to settle their accounts.