2024 Gold Price Targets Surge Across the Board

From Peter Reagan for Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Gold dazzles for another week as it passes $2,150 again, what we’ve learned about why gold is going up, and what it’s like to be a Chinese gold consumer right now.

Gold passes $2,150 again and 2024 price targets rise

Another week of sitting back and seeing how far analysts are willing to push today’s gold price predictions for the year. We were here last week at $2,080, and $2,150 is the latest pit stop in the race to $3,000. Right now, sky-high forecasts are abundant.

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Gold Hits NEW All-Time High – And “Experts” Aren’t Sure Why

From Peter Reagan for Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving precious metals and the economy. Stories include: Gold notches another all-time high over $2,180, analysts are acknowledging that gold’s surging price confuses them and understanding bitcoin vs. gold comparisons.

Gold hits new all-time high, $2,186 at the moment

It isn’t enough to say that the gold price today crossed $2,180. You have to understand the kind of week gold had that paved the way to this new record. Gold has now notched about a week of successive gains, breaking one record after another.

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GOLD PRICE RISING DESPITE………

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GOLD – WE HAVE LIFTOFF!

Guest Post by Egon von Greyerz

All Empires die without fail, so do all Fiat currencies. But gold has been shining for 5000 years and as I explain in this article, Gold is likely to outshine virtually all assets in the next 5-10 years.

In early 2002 we made major investments in physical gold for our investors and ourselves. At the time gold was around $300. Our primary objective was wealth preservation. The Nasdaq had already crashed 67% but before the bottom was reached, it lost another 50%. The total loss was 80% with many companies going bankrupt.

In 2006, just over 4 years later, the Great Financial Crisis started. In 2008, the financial system was minutes from imploding. Banks like JP Morgan, Morgan Stanley and many others were bankrupt – BANCA ROTTA – (see my article First Gradually then Suddenly, The Everything Collapse)

Virtually unlimited money printing postponed the collapse and since 2008 US total debt has almost doubled to $100 trillion.

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What’s Gold Doing? Exactly What It’s Supposed to…

From Peter Reagan for Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Ronald Stoeferle explains why gold has been an outperforming asset worldwide, how the U.S. will rein in budget deficits with your money and are European silver investors finally getting a break?

Ronald Stoeferle: Gold has done exactly what it was supposed to

Ronald Stoeferle, Managing Partner at Incrementum AG, recently joined Sprott Radio to dive into gold as an asset and its recent performance. Stoeferle digs into the old debate: should gold be treated as a financial asset with emphasis on growth, or as a means of saving money by preserving purchasing power?

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Key Gold Price Movements Throughout History

Via Birch Gold

The desire for gold is the most universal and deeply rooted commercial instinct of the human race.

Famed Wall Street trader Gerald M. Loeb encapsulated humanity’s profound and enduring fascination with the precious metal. Over its long history with our species, the power of gold has moved mountains and created marvels. Through it all, the price of gold has fluctuated up and down, as we’ll see in this review of key gold price movements through history.  Nothing has quite lasted through the entirety of human history like gold.

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Will Inflation Ever Go Back To “Normal”?

From Peter Reagan for Birch Gold Group

The end of World War II featured a 20% inflation rate, and since then, Jimmy Carter holds the postwar record (officially ~15%).

The runner-up for inflation during a presidential term in the postwar era? None other than President Joe Biden.

Biden’s entire term in office (thus far) has featured persistent inflation higher than 3%, but most of his term came with CPI at 5%+.

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The Incoming Gold Shortage Nobody Is Talking About

From Peter Reagan for Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: How a slight rebalancing to savings could shake the gold market, more bullish forecasts for gold and gold’s movement other currencies hints at its future trajectory.

When private money follows central banks, will there be enough gold to go around?

Having been a bank director, Alasdair MacLeod knows a thing or two about the health of the banking system, and how to spot one that’s contracted something. Talking to Liberty and Finance, MacLeod explained that the banking crisis we’ve been seeing is very much a top-down issue starting from central banks.

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2 Undeniable Gold Trends Coming In 2024

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Are the comparisons with 2008-2011 in gold holding up? The World Gold Council’s 2024 outlook for gold and China’s gold-buying streak extends to 14 months.

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Experts See Strong Indicators for Gold in 2024

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Schroder’s case for gold in 2024, how real is the prospect of a gold-backed Russian ruble, and taking apart the CPI suggests gold should already be at $3,355.

Schroder’s: Gold stands on very strong footing as it heads into 2024

Speaking on a recent podcast, Schroder’s fund manager James Luke outlined why gold’s strength is conspicuous after 18 months of aggressive monetary policy. There’s no shortage of experts believing gold should be even higher than it is now, still holding strong around $2,050.

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Here’s Why 2024 May Be Gold’s Best Year Ever

Via Birch Gold

This week, Your News to Know rounds up the latest top stories involving precious metals and the economy. Stories include: A decade of gold in review, forecasters call for $2,200 gold in 2024 and physical gold bullion is coming to a retail store near you.

The big stories of gold over the past decade

With a decade of Your News to Know under our  belts (and then some), we felt like doing an overview of the stories that stood out the most. Everyone’s writing “Gold in 2023” stories, so we might as well go a little broader.

We’ll try to keep it short and concise as we single out three main news items that we believe stand out the most. Our regular readers will be quite familiar with the points, but they are well worth underlining. These are:

  • Where was gold technically in 2014 vs. today?
  • Central bank buying: from Russia’s quirkiness to talks of a global gold standard
  • Black swans are no longer a “maybe”

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Gold Poised for a Breakthrough as Silver Aims for $30

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: $2,050 to $2,075 as the new resistance for gold, silver seems to be getting attention, and what’s in the small print of New Hampshire’s proposed gold as legal tender bill.

2023: A good year for gold in-between some historic ones?

James Stanley presents us with a technical outlook on gold over the past two years along with rather bullish expectations for 2024. He calls 2022 a “doji” year for gold: a trading term that here means a lot of rangebound or stale trading.

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Biden Rescue Operation Could Tank The Economy

From Peter Reagan at Birch Gold Group

For the last two years, Federal Reserve Chairman Jerome Powell has been maintaining a moderate stance on raising rates to combat a historic wave of red-hot inflation.

(Although initially, the Fed didn’t start raising rates fast enough).

But something has changed: 2024 is an election year. And there are hints that Powell could go “all in” on a Fed pivot that could mean leveraging rate cuts to buy President Biden another term by making his economy look better than it currently is.

That’s because the 2024 economic outlook isn’t pretty, so without some help, it follows that Biden is not likely to be reelected.

So let’s briefly examine why Powell appears to have blinked, why Biden needs the help, and what big sacrifice could be necessary to make it all possible.

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3 Millionaire Money Secrets You Can Use Today

From Peter Reagan at Birch Gold Group

It’s quite possible you’ve run across or know someone who is a millionaire. Just like anyone else, they are saving for retirement too.

But what is their secret? Are they doing anything special that you aren’t doing while you’re saving for retirement?

The truth is, we all could learn from some of the foundational secrets they use to grow and safeguard their wealth well into their golden years. As you’ll see, there really aren’t any big secrets – nothing they’re doing that we can’t do.

So, let’s get started!

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Why Now Is the Perfect Time for Gold

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The latest on interest rate cuts, gold’s gains or the dollar’s losses, and the European gold standard.

Gold’s headwinds are still bullish

What are gold’s headwinds anymore? Well, the latest pullback has been attributed to a strong U.S. jobs report. Of course, we have to question whether there is merit to this thesis. It’s all but expected for gold to ease off after hitting an ATH and gaining over 10% inside a week.

Still, unpacking the supposed driver behind these losses makes us realize that it’s yet another headwind that actually supports the price of gold. Analysts are engaged in debate: Is there any real economic strength driving economically-sensitive asset prices, or is it all a mirage? When are the rate cuts coming, how big, and how fast?

Generally, the thinking goes like this:

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The Economic Outlook for 2024 Is Here, and It Isn’t Pretty

From Peter Reagan at Birch Gold Group

As this year comes to a close, as expected most people are trying to save for and plan their retirement, and have been left reeling from the effects of economic turmoil.

What kind of turmoil?

Red-hot inflation, rising interest rates, and rapidly increasing risk (even at banks) sum up only a part of the chaos affecting older Americans for the last 11 months.

That brings up an even more important question: Will 2024 be any better?

Why next year looks like more of the same

If you had only paid attention to recent media coverage, you would likely see headlines like: “Inflation easing!” – “Recession unlikely!” – or “Banks are strong!”

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