Revaluation could provide a bonanza for goldbugs. If gold’s official price were raised, bullion almost certainly would trade at higher levels as it did six decades ago, as long as gold ownership wasn’t outlawed, heaven forbid, as it was in 1933.
It is very possible that proper planning can keep you and your family economically viable through this crisis. The important word in that last sentence is planning.
This week, the gold market has been shaken by an unexpected development—Donald Trump has announced plans to visit Fort Knox to verify the U.S. gold reserves.
The bottom line is that even with price inflation warming up and rate cuts on hold, it is highly unlikely that the central bank will start raising rates.
