The challenge to accepting this state of economic bliss for Americans is the growing piles of both public and private sector data which conflicts with what bureaucrats have to say.
The conversation covered various topics: opening a new depository, gold loans, the current retail precious metals market, and ongoing efforts to promote sound money policies.
Investors should understand that continued financial and economic weakness or a severely deep recession with falling stock prices, could occur whether rate cuts are announced or not.
It gets interesting when we look at the charts, one thing becomes immediately obvious. That’s which administration, Trump’s or Biden’s, is responsible for the current bout of inflation.
Opening the door to gold clauses would knock down a barrier to using sound money – gold and silver – in the marketplace, and would serve to limit the Fed’s monopoly fiat money system.
Both copper and silver are crucial for EVs and electrical infrastructure. Supply deficits in both markets may drive prices higher in the future, regardless of the next President.
Fiscal policy and not Fed policy will be the main driver of interest rates in the future, as the cost of the debt is drowning out the ability of the Fed to use normal monetary policy.
