The Idaho State House today approved a bill to enable the State Treasurer to protect state funds from inflation and other financial risks by holding some physical gold and and silver.
The forecasts always draw a wide range of possible outcomes and 2023 is no different with the lowest annual average forecast for the gold price at US$1,594 and the highest at US$2,025.
US equities markets and most assets hover in bubble territory. Global currency crisis. Declining purchasing power bodes well for gold and silver. Gold remains the best portfolio safety-net.
Federal Reserve rate hikes meant to quell inflation may ultimately have the opposite effect. Inflation occurs when the currency supply expands too rapidly as confidence...
Investors have been slower than a tank of turtles swimming in molasses when it comes to grasping reality, but they may be getting the message on inflation and the Fed’s fight ahead at last.
Gold bugs started 2023 with high hopes after the precious metals sector showed impressive relative strength versus paper assets in 2022.
So far, no good.
Recession to clear the economic brush and set the stage for the next economic boom? Gold will shine brightly, in the next bull run, due in part to epic demand from India.
Much higher precious metals prices, likely. Deep pocketed, financial institutions control 80% of the market. Their ETF related purchases could boost PM's prices.
