Precious Metals News
You won't regret the price you buy at today and believe me, when the next few banks fail and people lose faith in the Fed, you'll see many have to buy higher just to protect what they have.
Gold prices are expected to remain above $2,000 levels next year
My work projects that bullion will test its $2,075 record high in the coming months. And once it has a monthly close above $2,100, my work projects a long-term advance to $3,500 or more.
"The Conference Board expects elevated inflation, high interest rates, and contracting consumer spending - due to depleting pandemic saving and mandatory student loan repayments - to tip the U.S. economy into a recession."
CNBC: IMF Says Central Bank Digital Currencies Can Replace Cash: 'This is Not the Time to Turn Back'
According to a 2022 survey, of the 86 central banks surveyed, 93% said they were exploring CBDCs. "The level of global interest in CBDCs is unprecedented. Several central banks have already launched pilots or even issued a CBDC," the IMF said
Markets Insider: Prepare for Stocks to Plummet 30% - And a Recession to Strike Any Day Now, Legendary Market Prophet Says
"We probably do have a recession coming shortly, if we're not already in it. When you look at that combination of things, it's pretty hard to escape a recession,."
"Continued political polarization within US Congress raises the risk that successive governments will not be able to reach consensus on a fiscal plan to slow the decline in debt affordability."
"We have staggering amounts of money printing in the last year or two all over the world, and we're going to have worse inflation, it's not over yet. We're all going to pay the price."
China's government has been among the biggest stockpilers of gold in the past year as nations from Poland to Singapore diversify their financial reserves by adding the precious metal.
"There will be further increases to Treasury coupon auctions and T-bills outstanding going forward. Besides deficits of over $2 trillion in the foreseeable future, climbing maturities following the increase of issuance from March 2020 will also need to be refinanced."