Big problems usually begin as small problems. So, it shouldn’t surprise us if the economic disturbances of the last years compound into something bigger.
The two old friends speak out on the US fighting tooth and nail to retain their world reserve currency status, with the threat of Russia’s gold-based trade currency closing in.
This will be one of the biggest blunders the Fed has ever made. The Fed is pounding the stock market’s head (and all markets) into the ground at a time when the economy is extremely damaged..
Gold is not an investment. Gold is real money and a long term store of value. It is original money and the measure of value for everything else. Gold’s value is in its use as money.
It seems unlikely in today’s climate to get governments to come together for a Plaza Accord-type agreement, which leaves a currency war as the likely outcome. Keep holding physical gold and silver while the storm is brewing!
All assets decline when the reserve currency rises so the precious metals should find a solid floor in early 2023, once the US dollar zenith is in place. The energy sector should find a floor in 2023, sending heating..
