Financial markets are about to witness one of the most epic migrations of capital in history as investors rush into hard assets, warned Larry McDonald. With the national debt approaching $35 trillion, there are only two ways out of the situation — defaults or printing more money. A commodity bull market will dominate the financial […]
China has launched its CBDC and continues to invest heavily in gold. There is palpable tension among Western central banks to keep up and assert their dominance. The introduction of central bank digital currencies (CBDCs) seems inevitable, with significant potential repercussions for the gold market. While touted for their convenience and efficiency, CBDCs also herald
How Will CBDCs Impact Gold Prices? Read More »
Two Common Questions: Is Gold Better Than Silver? Is Silver Better Than Gold? Without getting too technical or talking through hypotheticals, let’s explore the most basic similarities and differences between gold and silver. Both gold and silver are precious metals that have been used as money and for jewelry for thousands of years. They
Is Gold Better Than Silver or Vice Versa? Read More »
China takes up over two-thirds of all the annual production…That’s where the gold price is set. During the first two months of 2024, China imported 367 metric tons of gold for non-monetary use. That was a 51 percent increase from the same period in 2023. Gold jewelry, coins, and bullion sales in China rose 24
Could the Shift of Gold West to East Set the Stage for a New Gold-Backed Currency? Read More »
Gold is up 40% from Oct 2022 lows. Central banks emerged as a driver of this multiyear rally by buying gold bullion at unprecedented levels. Historically, prices track holdings in bullion-backed exchange-traded funds, a proxy for Western demand. However, that logic was turned on its head as gold gained in the face of persistent ETF
Gold Continues to Boom. The Major Buyer: Central Bankers Read More »
“It is held by central banks for this reason,” he said. “In fact, gold is the third-most-held reserve currency by central banks.” Ray Dalio, the former Bridgewater Associates CEO said he is holding gold as a hedge against a potential debt crisis and higher inflation. The IMF projects that public debt in the world’s two
This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Fed chair ignited rally by signaling rate cuts in December. Housing, insurance, commodity prices among contributors. Traders now see just one to two rate cuts this year from
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Against the backdrop of escalating tensions in the Middle East, major financial institutions on Wall Street are revising their gold price forecasts upward. Goldman Sachs holds a bullish outlook, setting a target of $2,700, while Bank of America projects an even higher expectation at $3,000. UBS presents an even bolder forecast, envisioning an impressive $4,000
$4K Gold? Banks’ 2024 Gold Price Forecasts Surge Read More »
The monthly silver price chart is the most powerful chart, in financial markets, not just for April of 2024, but for the entire year. The 20-year silver price chart could not have been any clearer than this – a clear and powerful silver breakout is ongoing. The upside target remains $34.70 which might be hit in May of 2024
A Stunning And Must-See Silver Price Chart Read More »
An exclusive Thursday report by the Wall Street Journal said that the Jewish state is “preparing for a direct attack” on the north or south of the country. An individual who was briefed by Iranian regime leadership stated “No final decision has been made” as attack plans have been discussed. The attack is in response to the
Copy of Israel expects Iranian attack within upcoming 48 hours – WSJ Read More »
