Ronald Stöferle on the 2023 In Gold We Trust Report: We see a recession approaching quickly and Gold is a good recession hedge. On average it is up 7.6% over recessions.
Hemke says: "It's interesting, we might be finally getting close to breaking out...We're on the edge of this policy shift from the Fed and we're already near $2000 an ounce in gold."
We tend to overlook the unpleasant fact that bear markets happen. Because they cannot but mirror the excesses of gluttony that have preceded them, it is a certainty that very lean times are coming.
The latest bipartisan budget scheme includes no spending cuts. So once again, deficit hawks are left feeling betrayed – not to mention alarmed at the country’s worsening fiscal trajectory.
Schectman cites the instances of central banks around the world repatriating gold and the BIS reclassifying gold as a Tier 1 asset led him to realize how crucial it is to own gold.
It's estimated the Social Security trust fund will be fully depleted in 2033, leaving the system fully dependent on current tax revenue. No one has any idea how that will go.
Bitcoin cannot replace gold. Despite all the references out there are to Bitcoin being gold 2.0, better than gold, digital gold -- Bitcoin is not gold. These are all lies. Pure and simple.
I continue to stand by my prediction the Fed will tighten until MORE things break, and will grind us right down into that recession that is now upon us like a heel on a cigarette butt.
