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SSGSC
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Gold Breaking out 2023 Empty Gold Breaking out 2023

Wed Nov 23, 2022 10:51 pm
The gold breaking out will be abrupt and rapid. Some of the reasons associated with the prediction includes inflationary pressures which indicates that it is 7.7% based on US inflation data.

Essentially there are two ways to look at this: The First? Inflation is still to high and not declining appreciably. People are starting to realize that to hold onto dollars is basically indicating the loss of purchasing power for everyday goods. Second? The people and Wall Street hoping to have a "Fed Pivot" for sustainability. However, this will create more inflationary pressures as the FED prints more money and thus increasing inflationary power.

So people are looking into different ways to sustain their purchasing power during these recessionary time, so a lot of people are looking into stocking up precious metals, and diversify away from riskier assets and hedge themselves against the currency.

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ArcaneCollector
ArcaneCollector
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Gold Breaking out 2023 Empty Re: Gold Breaking out 2023

Thu Nov 24, 2022 7:40 am
Surely though, the price of the precious metals needs to increase at a pace that outstrips inflation? Otherwise, when you come to sell, you are just converting it back into dollars that have a lower buying power. Grocery stores don’t accept gold coins, so how do they sustain your purchasing power during a recession?

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Admin
Admin
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Gold Breaking out 2023 Empty Re: Gold Breaking out 2023

Thu Nov 24, 2022 10:54 am
The spot price of gold and inflation go together the same as Mash potato's and peas.   They are from the ground, but both have very different routes to getting on your plate. 

I think my thanksgiving analogy sums it up pretty good. LOL

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SSGSC
Posts : 10
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Location : 55 Dundas st E, Toronto, Ontario, M5B 1 C6
https://www.goldstockcanada.com/

Gold Breaking out 2023 Empty Re: Gold Breaking out 2023

Thu Nov 24, 2022 3:40 pm
The belief is that as debt will keep on increasing and increasing inflationary and political pressures for the FED. They will pivot to prevent a recession. However, the problem lies in the low interest rates that were set previously. Whenever the belief of the currency starts weakening, as it is happening with the states right now and the US dollar. The gold price will surely skyrocket because that is a tangible asset that is traded worldwide. It's all there based on the value, in the case of gold it is a store of value and a medium of exchange no matter what time period we might be in. But i warn as all nations are increasing their debt capacity, who will pay for that debt and lose generations to pay it.

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Gold Breaking out 2023 Empty Re: Gold Breaking out 2023

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