Sen. Rand Paul invites Elon Musk to inspect the largest U.S. gold reserves at Fort Knox. Musk’s questions about the gold supply have sparked speculation about a potential review. Fort Knox stores over 147 million troy ounces of gold, serving as a financial hedge against economic instability. The last inspection was in 1974, with another one in 2017. Conspiracy theories persist regarding the vault’s actual gold content, leading to renewed interest in transparency.
Stocks rose ahead of Thanksgiving, with key economic indicators like inflation and GDP in focus. Oil prices may decline as OPEC+ discusses production delays. U.S. consumer sentiment improves, while new home sales plummet. Precious metals fell due to easing geopolitical tensions. Volatility remains as investors seek diversification amidst uncertainties.
It should be emphasized that nuclear war is by no means a certainty… but we are dangerously close.
1. Happy New Year! And to start off this New Year we have the International Monetary Fund Managing Director Kristalina Georgieva warning that the global economy faces “a tough year, tougher than the year we leave behind. We expect one-third of the world economy to be in recession,” Georgieva said in an interview aired on…
Investors continue to stick to their plans to add physical precious metals to their portfolios whenever temporary price dips present themselves at a discount.
Investors are seeking out buying opportunities from temporary price dips to add more physical precious metals into their portfolios.
As geopolitical, economic, and environmental uncertainties escalate, many investors watching these volatile moves continue to try to take steps to diversify their portfolios and seek out alternative investments.
1. Volatility remained extreme this week as the U.S. saw the release of the Non-Farm Payrolls report for September and the war in Ukraine became increasingly desperate for the Russian occupiers. 2. For the week ending October 1, the seasonally adjusted number of Americans filing initial claims for unemployment surged by 29,000 from the previous…
Many investors have continued adding physical precious metals into their portfolios for this purpose whenever temporary price dips have afforded them the option to do so at a relative discount.
Investors continue to take advantage of temporary price dips to add additional physical precious metals into their investment portfolios in hopes that it will aid in their diversification efforts.
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