Dr. Nenner pointed out a peculiar surge in silver and gold markets but warned against premature assumptions of a bull market continuation.
If the West joins the Chinese gold buying craze, in fear of rate cuts and currency debasement, it will be a perfect storm for gold.
The crisis is morphing into a catastrophe as the consequences of non-performing commercial real estate loans litter the balance sheets of already insolvent financial institutions.
According to Bloomberg, gold’s consolidation after climbing to a record high earlier this month should be positive for the metal in the longer term.
The gold market needs more gold mines to avoid having to recycle gold to meet global demand, but if Biden gets re-elected, federal opposition to US gold production is likely to intensify.
We discuss the positive production growth trend and forecasts for another record-setting year! Fortuna has announced its annual guidance of 457 to 497 koz Gold Equivalent ounces with strong production growth...
An allocation to gold and silver fits squarely within the objective of protecting Utah against financial risks and would logically be included in a list of safe and liquid investment options.
In any event, investors should prepared for high inflation to persist. Inflation risks may be to the upside near term as the election approaches and new stimulus schemes get rolled out.
Gold hit a record high this past week following the Fed’s hold-the-line announcement on interest rates. The Fed also suggested up to three rate cuts in 2024. This sparked gold to rally to new all-time highs at $2,225 as we cleared $2,200 for the first time.