More than 25 states have introduced legislation this year to end taxes on gold and silver, bolster state taxpayer funds with the metals, and more in 2024.
Moriarty comments that silver is highly volatile, offering significant profit opportunities, as shown by its rise from $1.29 in 1970 to $50.25 in 1980 and other dramatic price movements.
The upcoming financial crises will surpass prior ones, proving bank stress tests inadequate, unreliable, and virtually worthless amid their events and repercussions.
Merk, an expert in macroeconomic trends, offered insights on the financial landscape, Federal Reserve policies, and the outlook for precious metals like gold and silver.
Traditional financial advisors often overlook the benefits of hard assets in a portfolio. However, precious metals have no counterparty risk, unlike financial assets.
Poland ranked as the second-biggest gold buyer in 2023. Between April and November, the Polish central bank bought 130 tons of gold, increasing its holdings by 57 percent, to 359 tons.
If the Fed cuts rates to 3% by this time next year, and inflation rises to 5%, investors would sooner hold gold and silver than get a -2% real rate return on cash or bonds.
