Gold

Gold Price to Hit $5,000 in 3 Years, Watch the Default Wave Kick Off a U.S. Recession in Q4 – Michael Lee

News Articles / Michelle Makori / September 11, 2023

Prices will make a move and hit $5,000 an ounce within three years, according to Michael Lee, Founder of Michael Lee Strategy. … The macro data the market is basing its estimates on looks manipulated or flawed by design, according to Lee. “For a lot of the United States, they’re already in recession,” “Every single […]

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US Debt Crisis Could Ignite long-term Gold Rally – BCA Research

News Articles / Neils Christensen / August 24, 2023

Fitch Ratings surprised markets after it downgraded U.S. long-term debt. Although markets largely shrugged off the downgrade, it has brought attention to the U.S. government’s growing deficit. In a recent report, commodity analysts at Montreal-based BCA Research said that gold remains an attractive hedge against an inevitable devaluation in the U.S. dollar as the U.S.

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