De-dollarization is here, and it’s boosting gold bug morale in a major way. My suggestion is to follow the Indian gold bug lead: Nibble now… and enjoy higher prices very soon!
Expectations for a radically higher gold price that is not tied directly to the loss of purchasing power in the U.S. dollar are unrealistic and fundamentally unsound.
Silver had been firming up better than Gold of late only to now negatively rotate. Just two weeks back, the Gold/Silver ratio was 81.0x; today ’tis 86.0x.
Fed Chair Jerome Powell says it again, and this time the bulls appear to be listening: The Federal Reserve is not done hiking interest rates. Fed members expect another 0.50% rise in interest by the end of the year.
Central banks are notoriously slow to change direction – but a change is coming, and as central banks lower rates and start up the money printing presses to put out the fires they created, gold and silver will rally again.
I don’t think the Great Reset will work out as neatly as Klaus Schwab and the Elite hope. Because if we keep moving in the current direction, civilization itself could collapse.
