According to the World Gold Council, the festival season started on a “positive note” with anecdotal evidence indicating healthy demand for both physical investment products and jewelry.
Maharrey interviews Axel Merk, covering the metals selloff, the recent silver squeeze, thin market liquidity, stress in private credit and why the U.S. Dollar Index can mislead investors.
Being unable to get foreign suppliers to pay much of the cost by compensating with price reductions on their end, the tariffs have amounted to a massive new corporate tax.
Sure enough, while the inflation rate did creep up a notch, it did not go up as much as expected by economists, who were largely predicting tariffs would increase inflation.
Those listening to the “experts” already missed a move from 2000 to 4000. They’ll probably listen again as the bears come out at the first sign of a (much needed) gold correction.
