Get ready to pay attention because gold is making waves again, especially in the face of rising inflation. Are you prepared for what’s to come?
Let’s rewind a bit. Remember back in September 2022 when The Wall Street Journal claimed that gold was losing its reserve status? Well, it turns out that prediction missed the mark big time. Instead, we’ve witnessed a remarkable surge in gold accumulation, particularly by central banks. In fact, central banks are amassing gold at the fastest pace in at least the last half-century, signaling a renewed faith in the shiny metal’s value.
And here’s the latest: Gold is breaking out against inflation once more. With the Japanese yen weakening to four-month lows, investors are flocking to gold as a safe haven amidst uncertainties in the currency market. The depreciating yen suggests that Japan’s monetary policy will likely remain accommodative, further fueling interest in gold as a hedge against inflation.
Speaking of inflation, let’s talk about shrinkflation. As Jim Rickards aptly puts it, the only thing shrinking is your disposable income. The cost of regular gasoline is on a relentless climb, higher today than yesterday, last week, last month, and even compared to this day last year. It’s no wonder that many are turning to gold as a reliable store of value in these tumultuous times.
And the experts seem to agree. Bob Moriarty believes that the rally in gold will continue, reinforcing the metal’s status as a solid investment choice amidst market uncertainties.
So, what’s the takeaway here? Gold isn’t losing its shine anytime soon. In fact, it’s emerging as a vital asset in today’s volatile economic landscape. As inflationary pressures mount and currencies fluctuate, gold remains a steadfast refuge for investors seeking stability and security.
Are you ready to ride the golden wave?
Sources:
Gold is breaking out versus inflation again. Are you ready for this? #Silver #preciousmetals #Gold #Commodities #Inflation pic.twitter.com/mcugfz9PPC
— Northstar (@NorthstarCharts) March 20, 2024
I'm old enough to remember when The Wall Street Journal said that gold was losing its reserve status in September 2022.
Instead, what we've witnessed is a record pace of accumulation of the metal, primarily driven by central banks. pic.twitter.com/l0SncORsaI
— Otavio (Tavi) Costa (@TaviCosta) March 20, 2024
Central Banks around the world are building gold positions at the fastest pace in at least the last half century pic.twitter.com/Ird8UBhYyP
— Barchart (@Barchart) March 19, 2024
Japanese Yen Weakens to 4-Month Lows
The Japanese yen depreciated past 151 per dollar, falling to its weakest levels in four months amid bets that the country’s monetary setting will remain accommodative for some time desp…
More here: t.co/fziiJ0R2jg pic.twitter.com/BRxfKRfAJI
— TRADING ECONOMICS (@tEconomics) March 20, 2024
Regular gasoline (national average) is higher today than it was yesterday, last week, last month, and this day last year. Biden calls it shrinkflation. The only thing shrinking is your disposable income.t.co/wMB6RZuZxh
— Jim Rickards (@JamesGRickards) March 19, 2024
www.321gold.com/editorials/moriarty/moriarty031924.html
Bank of Japan now owns almost 60% of the ENTIRE Japanese government bonds
This is unreal pic.twitter.com/oSE82RJI3I
— Game of Trades (@GameofTrades_) March 19, 2024