Gold Set to Become Reserve Asset of New Multipolar World – Sprott’s Paul Wong

Paul Wong of Sprott notes gold’s recent decline reveals a paradox: a stronger dollar pressures prices short-term yet bolsters its long-term case. Spot gold dropped $532.24 per ounce in June to $4,008, its largest monthly loss since October 2008, and fell 14.14% for the quarter amid two selling waves triggered by the US-Iran MOU and hawkish remarks from new Fed Chair Kevin Warsh.