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.
The new statewide sales tax exemption on bullion coins, bars, or rounds (minted of gold or silver, but also platinum, palladium, or copper) takes formal effect on Saturday, March 23rd.
Haggith discussed his anticipation of a gold price dip despite favorable conditions, attributing it to concerning CPI and inflation data potentially delaying Fed rate cuts.
The Fed knows higher rates will eventually cause the economy to collapse. It also knows that inflation hasn’t been beat. So, it faces a choice: higher inflation or an economic crisis.
By the time Powell realizes the recent increases in inflation are not “transitory,” we could all be back in a world of hurt because inflation will keep rising for a while even after the Fed realizes it needs to tighten again.
