The first driver of gold is debt. And as long as debt is the weapon of choice for each and every successive administration as a means for driving an inflation soaked nominal GDP - Gold must keep rising. That's math, and if you don't get that, gold is just the wrong investment for you. Buy something else.
But right now there are two other amazing blessings for gold that are turbo charging the gold price.
1) Tarrifs. Again, this is math. Tarrifs are not only a tax on goods, but on the international dollars used to buy goods. A tax on international dollars equates to the weaponization of the currency. This destroys the value of the dollar's use as a reserve currency. The only other Tier 1 international reserve currency is GOLD. What a wonderful blessing for gold.
2) The destruction of the independence of the FED is the other wonderful blessing for Gold. The Fed sets rates independently. It also oversees, along with the Treaury, the creation and distribution of money. As soon as the independence of the Fed is called into question the stability of the currency is also called into question. What an inecredible blessing for the only other alternate currency recognized by the international banking system: GOLD.
We live under the confluence of these three extraordinary blessings for Gold.
If you understand what this means, act accordingly.
If not, really, buy something else.
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