Through the first five months of 2024, gold imports into India increased by 26 percent year-on-year, with 230 tons of gold flowing into the country. This is despite record-high prices.
Young people are also becoming increasingly aware of the increasing risk in today's economy with rapidly increasing government debt and rampant price inflation.
Other than a promise to cut “wasteful” spending, and a pledge to eliminate the Department of Education, the Republican platform is largely silent on proposals to reduce federal spending.
This isn’t just the most tumultuous year of political chaos in the US; geopolitics has ramped up in the last few months to suddenly outweigh inflation as a concern for markets.
Hoye discussed the overbought rally in gold and U.S. dollars, expecting a correction. In a recession, liquidity will drive bids for both, but no huge price moves are expected.
Maharrey interviewed Ed Steer, a gold and silver analyst with nearly 30 years of experience. Steer discussed market manipulations, supply-demand, and future prices.
Dangers loom for stock market investors. Physical precious metals will continue to serve as a safe haven from risky financial assets and the ongoing depreciation of the U.S. currency.
