Gold has been gearing up for its breakout to $2,500 for the past 12 years, and it must now break the final resistance level to open up its “phenomenal” upside… “All it takes for gold is to break through this $2,070 level … From $1,920, gold can rally $600 in the next six to eight […]
Emerging central banks are gearing up for a new monetary regime in which gold will play a vital role as a settlement mechanism, according to Goehring & Rozencwajg. “The U.S. dollar might be on the verge of losing its reserve currency status,” “A change in the dollar’s reserve currency status would be the most impactful
Gold’s value compared to equities and bonds makes it the perfect portfolio diversifier. It’s only a matter of time before gold prices push well past $2,000 an ounce as the world continues to deal with higher interest rates, rising inflation pressures, and the global economy drowning in debt. “Gold relative to money supply itself is also absurdly
Over the 70 years, any time the New Orders Index has dipped below 43.5, a recession has followed soon after. the monthly reported data, which dates back to 1948, sizable declines in the ISM Manufacturing New Orders Index have coincided with U.S. recessions. Since 1973, there have been four instances where commercial bank credit declined by
Central bank digital currencies (CBDCs) will cause financial privacy and anonymity to end, as cash will likely be eradicated. “It becomes a very frightening proposition to hand over any and all financial privacy to some central organization.” Critics warn of CBDCs’ potential to be used as a tool of surveillance and control. CBDCs make bank
Florida Governor Ron DeSantis has signed an anti-CBDC bill into law, banning the use of American or foreign central bank digital currency (CBDC) in the state. The bill is designed to protect consumers and businesses in Florida by “Expressly prohibiting the use of a federally adopted Central Bank Digital Currency as money DeSantis, “Big Brother’s
Florida Governor DeSantis Signs Anti-CBDC Bill Into Law Read More »
U.S. and China are on the brink of war, billionaire and Bridgewater’s founder Ray Dalio “We are on the brink of an economic resources war,” the founder of the world’s largest hedge fund wrote last week. The world order is changing, and all countries are getting caught up in the reshuffle based on resources. Bridgewater’s founder
Ray Dalio: The U.S. and China Are On ‘The Brink of an Economic Resources War’ Read More »
“This was also comfortably within the 20-60t range of reported purchases which has been in place over the last ten consecutive months of net buying,” (Wrote Krishan Gopaul, Senior Analyst at the WGC.) (Kitco News) After a record-setting year in 2022, central banks remain very interested in gold at the start of 2023, according to the
Central Banks Continue to Scoop Up Gold in 2023 Read More »
