Gold Serves Its Purpose

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The majority of investors believe that rates will be lowered by the Federal Reserve. The central bank has begun to do precisely that.

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This inflation is sticky! The rate decrease is a reaction to declining inflation. But recent high inflation data is taking policymakers by surprise. Strong inflation is another indication that gold may be rising, even if it has stopped rate reduction this year.

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Gold has long been thought of as an inflation hedge. It now serves many other purposes as well, like protecting against stock market fluctuations and inflation. These days, it includes a long list of international concerns, such as the battles in Gaza and Ukraine, the Houthi rebels' attempts to blockade the Red Sea and Suez Canal, the possibility of war with China, and, of course, the absence of American leadership.

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According to Reuters, safe-haven gold is reaching a record peak due to central bank demand. Additionally, central banks in Russia, China, Turkey, and India are involved in addition to the Federal Reserve here in the United States. In 2023, central banks purchased 1,037.4 metric tons of gold, according to the World Gold Council.

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Many individuals would like to ignore the unsettling reality that our debt is out of control. The national debt is currently being added to by our government every 100 days at a rate of $1 trillion. That implies that during the course of the next ten years, we could witness a $54 trillion debt bomb.

Do you think that would be sustainable?



Reference:

https://www.investopedia.com/what-markets-expect-from-federal-reserve-interest-rate-cuts-8701545
https://www.cbsnews.com/news/fed-rate-cut-decision-federal-reserve-interest-rates-september-meeting/
https://www.businessinsider.com/sticky-inflation-outlook-risk-cpi-fed-rate-cuts-geopolitics-recession-2024-10
https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-full-year-2023
https://www.reuters.com/breakingviews/us-economy-is-partying-voters-are-hungover-2024-10-16/
https://www.marketplace.org/2024/01/30/us-national-debt-34-trillion/
https://www.visualcapitalist.com/u-s-debt-interest-payments-reach-1-trillion/


😍#ilikeitalot!😍

Gold and Silver Stacking is not for everyone.
Do your own research!

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Thank you for stopping by to view this article.

I hope to see you again soon!

Hugs and Kisses 🥰🌺🤙!!!!





I post an article daily. I feature precious metals every other day, and on other days I post articles of general interest. Follow me on my journey to save in silver and gold.

@silversaver888

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58 comments
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You received an upvote of 84% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

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Gold is the ultimate storage for wealth. Fiat may be worthless but gold will always be the real money just like it always been. I can never get tired of looking at all that pretty gold!
!BBH
!LUV

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For centuries, and it will not change,

Gold is the ultimate storage for wealth.
!BBH
!LADY

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Record gold prices @silversaver888 !!👍🤗
$2,721.80 today…….
Nation States are apparently buying record amounts. One of the best ways to protect wealth!👍

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Ms. Saver @silversaver888
Credit Debt in Your California Young Lady..............

!LUV
!LADY
!PIZZA
!LOL

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!LUV
!LADY
!PIZZA
!LOL

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(Edited)

PIZZA!

$PIZZA slices delivered:
silversaver888 tipped stokjockey
silversaver888 tipped silvertop
silversaver888 tipped pocketechange
@silversaver888(5/15) tipped @elizabethbit
stokjockey tipped silversaver888

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That’s the gold sales that are reported. The real number is probably double that. China & Russia do a lot of black market back door buys that aren’t reported.

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(Edited)

I don't know much about what happens except that which I read, but I believe you! Those two countries are known to do a lot of dealings.
!PIMP
!LADY

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If seen at this time, its price has become the highest and those who invested three years ago are now very happy.

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Gold is a must in a diverse portfolio sis! Everyone should have some, and for those who say they can't afford it, it is available in smaller increments now, more so than ever before! Having gold, silver, crypto and even some fiat, is a good diverse portfolio to help ensure that when times are tough, there is a way to survive!

Thanks for sharing sis! Much love to ya!🤗😘😍💞🍁🌻 !LADY !LUV !PIMP !HOPE

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Thanks for your comment, sis! Everyone can have some gold. I think there is a barrier or an obstacle! I never had that though, and as soon as I started stacking, gold has been my goal.


!LUV always, sis 🤗😘😍
!LADY
!PIZZA
!INDEED

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(Edited)

More Inflation coming.
I think that the Fed's rate cut is premature and obviously a political decision than a rational one. With also the monstrous debt, cash printing, and an emerging alternative reserve currency, etc. It is no wonder gold is at all time highs.
Even at these prices, I am still trying to stack some gold even if it is a fractional coin.
Being a Teller and CEO our own Central Bank!

Always, with love 🤗🌺❤️
!LADY

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Being a Teller and CEO our own Central Bank!

No one will look after you and your money except YOU, sis! We can only do all that we can, always prudent with the use of money. And we will prevail!!! I am confident, sis!
Much !LUV 🤗🌺❤️
!LADY

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Your content is always meaningful and this post about gold is also one of them.
Like the shine of gold coins as they all looks pretty.
You are saying right that its price is reaching record peak.

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The big question is, where is the ceiling for gold now? 3k? or more?
One thing has definatly changed: there is no "crisis intervention" anymore if the gold price goes up, as it used to be in the previous years. I think thats a very remarkable change. A indicator for a paradigm change in the agenda of the puppet masters that rule the financial world.
And also silver is following slowly but surely.
However, it can also lead to dodgy times again. Things like making gold illegal to own and such. Its all been there before. So better think about where you can hide your stuff when it comes to it.

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The presidential election in the United States is two weeks from now... on November 5. We are hopeful!!!
!LADY

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I'm definitely silver heavy in my stack. I may talk with my dealer about selling some silver for gold.

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Yes, @fat-elvis ! I had the same idea for a while now. I am thinking of the same thing!!!
CHEER 🍻!
!BBH
!LADY

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