If gold prices continue to rise, it will be interesting to see how Indian consumers continue to adjust. One thing is pretty certain -- they will likely find ways to have gold.
Amid global economic chaos and geopolitical uncertainty, gold hit an all-time high of $3,500 an ounce on April 22. Year to date, the precious metal is up 29%.
Both gold and silver are undergoing healthy consolidation phases after their strong rallies, allowing them to reset and work off overbought conditions.
Dr. Nomi Prins kicked off the discussion by framing today’s gold rally as just the beginning of a much larger trend. She forecasted gold reaching $3,000 by the end of 2024, $4,000 in 2025, and $5,000 by 2026.
The other sweet thing about the new meltdown deal is that this time, China has agreed to force its businesses and people to buy a lot more stuff from the US, just like they agreed to last time.
Now that Team Trump admits inflation will be high enough that you’ll have to make do with less stuff, then you know the inflation problem is turning out to be a lot worse than what they told you.
