Haggai 2:8 – “The silver is mine, and the gold is mine, saith the Lord YAHWEH of hosts“

Could Gold Hit $5K Per Ounce

The question many people are asking right now is, could gold hit $5,000 per ounce? The price of gold is rising and its due to the global economies recession.

Seems like everyone knows something we don’t or do they?

Could this be an attempt to prop the commodities market? The list goes on and on as to why this is happening.

Inflation is not slowing, I don’t care what any so-called expert says or projects on graphs to satisfy the quo! I say this because I am sure many of you go grocery shopping and see the prices on the shelves (clear evidence).

Remember that the latest CPI data in the United States was 3% annualized and that in the eurozone it is 2.6%.

Thus, central banks need to give the impression of hawkishness and maintain rates or lower them very cautiously.

Fool me once shame on you, fool me twice shame on me :P!

Money supply growth is picking up. The Federal Reserve continues to inject money through the liquidity window.

At the end of this article, the price of gold is above $2,400 an ounce, up 16.5% between January and July 19, 2024.

Somebody is stocking up because they know what you don’t know. REAL money never looses value!

Gold has performed better than the S&P 500, the Stoxx 600 in Europe, and the MSCI Global.

Silver and gold has outperformed historically and there’s a solid reason.

Conclusion

This is a period of alleged recovery and strong expansion of the stock markets.

Silver and gold will never go away, says the Lord  YAHWEH of hosts! The market is discounting the central banks.

The Federal Reserve and the ECB will not be able to maintain the reduction of their balance sheets in the face of rising debt and public spending.

As a result, silver and gold protects many investors against the erosion of the currency’s purchasing power.

The best way to strengthen a central bank’s balance sheet, is to purchase silver and gold.

The recent increase in demand for the precious metal is simply the case that banks cannot be secure your money.

Countries around the globe are no longer relying on Central Banks for help! To heck with your bad spending habits they say!

Gold has no price. It is the price.

Central Banks have fought very hard to keep hidden the true value of silver and gold.

S0-called government buy gold and their establishment media is pushing crypto (wonder why).

DISCLAIMER: I am not a financial adviser. This site is for educational purposes only. It is imperative that you do your own research. I am sharing my opinion from personal research and experience with no guarantee of gains or losses on investments, finance etc.

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