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Rate Cuts & Gold Prices: 2008 vs 2024 | The Gold Spot by Scottsdale Bullion & Coin
The economy is kicking off the new year with record-setting US debt, surging living costs, and waning investor confidence. In its recent meeting, the Federal Reserve reiterated its plan to implement several rate cuts throughout the next year.
However, it cautioned that interest rates would likely remain elevated for most of the year. This policy reversal has many investors wondering how gold prices would respond, especially given the precious metal’s strong performance last year.
If the 2008 financial crisis is any indication, investors can expect gold and silver prices to respond positively to the Fed's plan to slash rates. During the housing market crash, gold prices more than doubled in just three years.
Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Precious Metals Advisor Joe Elkjer and Sr. Precious Metals Advisor Steve Rand explain how the 2024 rate cuts could lead to higher gold and silver prices based on historical data.
⭐ RELATED LINKS:
$34,000,000,000,000 US Debt Visualized: https://www.sbcgold.com/national-debt/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_01032024_usdebt
📊 Gold Price Predictions & Forecasts 2024: https://www.sbcgold.com/gold-price-forecasts/gold-price-forecast-2024/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_01032024_gpf2024
Is Gold a Good Investment in 2024? 11 Compelling Reasons Why Gold Should Be a Good Investment in 2024: https://www.sbcgold.com/investing-101/is-gold-a-good-investment/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_010320243_goodinvstmnt2024
📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Get Gold and Silver Coin Prices:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Get Gold & Silver Bullion Bar Prices:
- https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
- https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/
⭐ @sbcgold Advisors in this The Gold Spot video:
👤 Joe Elkjer, Precious Metals Advisor: https://www.sbcgold.com/about/joe-elkjer/
👤 Steve Rand, Sr. Precious Metals Advisor: https://www.sbcgold.com/about/steve-rand/
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