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%+.
Continue reading “Will Inflation Ever Go Back To “Normal”?”
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.
Continue reading “The Incoming Gold Shortage Nobody Is Talking About”
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.
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.
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.
Continue reading “Experts See Strong Indicators for Gold in 2024”
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.
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:
Continue reading “Here’s Why 2024 May Be Gold’s Best Year Ever”
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.
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.
Continue reading “Gold Poised for a Breakthrough as Silver Aims for $30”
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.
Continue reading “Biden Rescue Operation Could Tank The Economy”
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!
Continue reading “3 Millionaire Money Secrets You Can Use Today”
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.
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:
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?
If you had only paid attention to recent media coverage, you would likely see headlines like: “Inflation easing!” – “Recession unlikely!” – or “Banks are strong!”
Continue reading “The Economic Outlook for 2024 Is Here, and It Isn’t Pretty”
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: Gold as sentiment-driven as ever, $34 silver soon, and U.S. Mint’s gold sales have already outpaced last year’s figures.
There are a few things that are now admitted even in the somewhat-mainstream. The U.S. federal government is indebted by over $33 trillion, and it matters. It not only matters, but gold stands to benefit from it. It must, or we wouldn’t be seeing these two mentioned together so often.
The metal has had a good week on what some attribute to fears of loose monetary policy. We know how the boom and bust goes. The moment the Federal Reserve shows any kinds of easing, we expect an avalanche of selling to crush the U.S. dollar’s purchasing power.
On Friday, shortly after Powell failed to hammer the hawkish case in his “fireside” chat with stocks eager to take out 2023 highs, we said that Powell has a big problem on his hands not so much because if the market was indeed correct about imminent easing that only assures that inflation will come back with a vengeance and Powell would indeed be the “second coming” of a former Fed Chair – only Burns not Vlcker – but because the kneejerk surge higher in gold (and digital gold) meant that the once again deathwatch for the dollar – and fiat in general – had resumed.
Well, with futures having opened for trading on Sunday night, what we joked about on Friday, namely that Powell – having seemingly once again lost control of the hawkish narrative – may be leaking emergency rate hikes though Nick Timiraos on Dec 12, ahead of the December FOMC (now that the Fed is in blackout mode)…
From Peter Reagan at Birch Gold Group
Biden relentlessly touts how great the American economy is.
But to support his case, he relies on his administration to carefully cherry-pick data to back up his case.
For example, Biden and his administration repeat the data on the following chart, which was recently reshared by National Economic Council Director Lael Brainard:
via White House
The problem is, the data above doesn’t tell the whole story. (Leaving aside any cherry-picking the administration did to make Biden’s economy “look good.”)
Continue reading “The Key Difference Between GDP and Prosperity”
From Peter Reagan at Birch Gold Group
With all of the unanswered questions floating around in today’s economy (like “When will the recession start?), one thing is fairly certain…
Today’s economic uncertainty is likely to stick around for a while.
With that in mind, at some point you might wonder if you’ve saved enough to enjoy a comfortable and stress-free retirement in the face of that uncertainty.
Is saving $500,000 enough? $1 million? What about a cool $2 million?
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: Global gold holdings rise to highest level since 2012, a one-way flood of gold from West to East and are we missing out on platinum’s comeback?
It’s mentioned often how central banks are one of the pillars of support when it comes to gold prices. Lately, though, it seems that they’ve taken on an even more prominent role in the market.
JP Morgan’s analysis recently said that global gold investment has reached the highest level since 2012. They downplayed the role of central banks, noting that individual investors and traders have become increasingly active in the gold market. And it’s hard to argue that gold, increasingly, is becoming a mainstream rather than an “alternative” asset.
Continue reading “Insider Gold Buying Reaches New Record Level”
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: Gold forecasts ahead of the election, Powell feints as U.S. economy crumbles, and Kuwait bolsters its place on the list of gold consumers.
For all the bearishness we’ve seen this year regarding gold in the headlines, it seems gloomy forecasts for a 12-month period are hard to come by. British research firm Capital Economics, for example, expects gold to end next year around $2,100, with rate cuts as the primary driver.
Continue reading “Dollar Weakness May Send Gold Surging to This Staggering Figure”