The bottom line is gold will increasingly reflect this latest inflation super-spike in 2023. Gold investment demand will return with a vengeance as 2022’s illusions are dispelled.
In 2022, legislators in 11 states across the U.S. introduced 24 pieces of sound money legislation. These bills seek to eliminate taxation on the sale and purchase of gold and silver..
Andrew Maguire shines a light on his whistleblowing origins, which began following an investigation with the CTFC and DOJ into national-level banks rigging the price of gold and silver in 2008.
Every time there is a reset, gold steps up and does the accounting. Gold and silver have served as the reference point of value since the origins of money and is that against which currency will be re-evaluated.
Speculative interest in gold and silver may not catch fire until there is more clarity about when the Fed will pause or perhaps reverse course on rate hikes.
In 2022 the gold price has started to validate our projection from last December, and 2023 should see a bull move in gold miners emerge for all to see (and one day chase due to FOMO)
It’s not going to get better for the housing market. Despite an 80 basis point decline in 30-yr fixed rate conforming mortgages (20% down, minimum 740 FICO), the mortgage purchase apps index declined 0.1%..
