AB 29 would exempt “precious metals bullion,” defined as coins, bars, rounds, and sheets that contain at least 35% gold, silver, copper, platinum, or palladium.
Here is a summary view from the Thoughtful Money podcast about where the market, economy, and society are headed this year from different perspectives.
Mike emphasizes that Federal Reserve monetary policy levies an inflation tax on all of us and wraps up with a call to action to buy gold and/or silver to help protect yourself from this tax.
Bill Dudley says the central bank may have to tighten more, and one of the nation’s longtime central bankers admits the Fed may have to tighten, not just longer but HIGHER.
It was a steeper increase than the projected 0.2 percent. More alarming is the fact that consumer prices have gone up over half a percent (0.6 percent) in just two months.
Sorry, pivots only happen in policy not in whispers about remote hypothetical possibilities months into the future, so NO PIVOT. Nada one. Not even a slow curve in the general direction.
Due to strong demand coupled with a stable gold price, assets under management by Chinese-based gold ETFs rose by $113 million to $4 billion in January. An all-time high.
Where the rot is probably greatest, but more veiled for the moment, is in the operations of organized capital, the banks and money systems, including financial markets.
The political class wants you to believe higher shipping costs, or rising oil prices, or greedy corporations, or "Putin's price hikes" or perhaps Vodoo is causing price inflation. That lets them off the hook.
