I Knew This Would HAPPEN! The FED and Central Banks are Preparing To Do the UNTHINKABLE! | Ron Yates

1 year ago
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Central banks around the globe have been hiking rates in hopes of killing inflation
Experts agree that all central banks were late in recognizing inflation was on the move.
Major central banks may be deep into their drive to raise interest rates in hopes of killing inflation, but the endgame remains far from clear. Experts seem to be divided on the matter. IMF talked about the global financial situation in their latest forum with the World Bank, and they're saying that things are gonna be even more complicated now that we're all coming out of COVID-19
The International Monetary Fund warned about the global economic outlook with more supply chain problems expected. All this is different from what's happened before, so central bank officials are crossing their fingers and just hoping against all odds that this time things will be different. Central banks are buying gold faster than they have in the past 70 years. The momentum for gold buying by central banks is not slowing down, and 2023 has had the strongest start since at least 2010. This is a sign that a sovereign debt crisis is unfolding, and the central banks know it. Central banks wanna buy gold on the cheap. They try to keep the price low as long as possible by shorting paper gold in the futures markets. As my friends keep telling me, those who have the gold will make the rules. Corporate profit margins are still high, meaning these companies are raising their prices, pocketing record-high profits, while pretending that it's inflation that's causing all this pain at the check-out corner. Working-class Americans asking for a decent livable wage is being blamed for inflation. Some people are saying that it's gonna be really hard to avoid a big drop in the economy pretty soon. Gold tends to hold its value pretty well. It's seen as a "safe haven" investment – in other words, something that people turn to when everything else seems too risky. If you have some gold stashed away, it can help you weather the storm a bit better than if you had all your money tied up in, say, stocks or bonds. There are a few ways to invest in gold without that much upfront costs. One option is to buy fractional coins or bars of gold. Another option is to buy shares in a gold exchange-traded fund (ETF). Lastly, you can try your luck with gold futures contracts. The world's economy is going through some tough times
Gold has a pretty good track record of holding its value during uncertain times. Adding some gold to your portfolio might be worth considering.

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