The mere fact that gold is being considered by BRICS countries as a basis for international trade should incentivize central banks – and individual investors – to accumulate precious metals.
GOLD AT $4000: For that to happen, the U.S. dollar would have to lose fifty percent of its current purchasing power. That means that consumer prices would have to double.
Will the rich and powerful own everything when the global financial system collapses from too much debt? Supposedly, “they” have been plotting and preparing for this all along.
Given Gold a week ago having precisely hit our selected low (futures 1901 per the wee green line, or spot 1893), this past week’s bounce to as high as 1943 suggests the Short trend is starting to lack sellers’ respect.
Here is what signaled the END OF THE US DOLLAR, and this is why Putin, Jinping, and Modi (along with Africa, Latin America, and the Arab World) have decided to move forward with their gold-backed currency.
One of the hardest parts of economic forecasting is separating what we expect from what we want. Actually, this is part of the human condition, genetically programmed into us and affecting every part..
Assessing a state sales tax on the purchase of gold and silver is becoming an outmoded, indeed outrageous, practice – but a small number of U.S. states still engage in it.
Central bank behavior combined with geopolitical dynamics, a tight physical market, stress on the global economy, and signs of a recession all place gold in the spotlight.
As the world continues to be rocked by inflation and financial instability, four precious metals “megatrends” have emerged largely undetected by the mainstream.
The TIPS yield has slightly trended down, while the gold price has been firmly going up! Gold is still sensitive to the TIPS yield, but the gap in the chart between real rates and gold is widening.
