Governments sell the idea of CBDC by promising a safe, convenient, and more secure option to physical cash, and eliminating it gives them the potential to track consumer spending.
Alexandria Ocasio-Cortez and Marjorie Taylor Greene got into a catfight over nothing having anything to do with the subject of the meeting (House Oversight Committee hearing).
As I continuously say, inflation is never “good.” Even a low inflation rate will slowly but surely devalue your savings and raise the price of essential goods and services.
We advise holding onto your investments with confidence and not selling. Additionally, consider acquiring physical Gold and Silver, as well as carefully selected mining equities.
In the West, central bank decisions and economic data remain at the forefront of buyers’ minds. Central banks, institutions, and consumers are focused on gold accumulation in the East.
Jim Rickards points out that you can’t have a price that’s too high. If so, investors would sell gold for dollars and spend freely. If the price is too low, people will hoard gold.
Fed heads chirped in saying they're in no hurry to raise rates. Stock and bond markets are insane in their fantasy that the Fed will quickly lower rates in a helicopter rescue operation.
If the Fed is willing to consider rate cuts with sticky inflation, what will the central bankers do when the economy breaks? Rate cuts are a pivot back to inflationary policies. The eulogy for inflation is premature.
Sutton's book, "The War On Gold" is a reminder of his comment: "Governments know the value of gold but try to dissuade private ownership. That tells you something."
