Why is Gold Going Up? | The Gold Standard 2410
https://www.midasgoldgroup.com/
In the latest episode, Jennifer Horn is joined by Ken Russo to delve into the pressing question: “Why is gold going up?” Fresh from participating at AM870 The Answer’s Wealth Summit 2024, where he shared invaluable insights, Ken Russo offers a compelling analysis of the current economic landscape. As America continues to print money at an unprecedented rate and inflation remains stubbornly high, investors wonder how to safeguard their savings and investments. Against this backdrop of financial uncertainty, the price of gold has been on the rise, prompting many to seek refuge in this timeless asset. Join Jennifer and Ken as they explore the factors driving gold’s ascent and discuss strategies for protecting wealth in these tumultuous times.
Understanding the Surge: Factors Driving the Rise in Gold Prices
The current surge in the spot price of gold, which now stands at $2,159.81 per troy ounce, reflects a combination of economic uncertainties and global tensions. Amidst ongoing inflationary pressures and concerns over the stability of traditional currencies, investors are increasingly turning to gold as a haven asset. Geopolitical tensions, including conflicts in the Middle East and geopolitical uncertainties, fuel a growing demand for gold. Gold is a hedge against geopolitical risk. Additionally, the persistently low interest rate environment, coupled with expansive monetary policies adopted by central banks worldwide, diminishes the opportunity cost of holding non-yielding assets like gold, thus boosting its appeal. With the price of gold up 4.52% since the beginning of the year and showing resilience amidst market volatility, it remains a crucial asset for investors seeking to preserve wealth in uncertain times.
Don’t Forget Silver: A Versatile Asset with Dual Value
Often overshadowed by its illustrious counterpart gold, silver commands its significance in the investment landscape. Beyond its role as a monetary metal, silver boasts extensive industrial applications, rendering it indispensable in various sectors such as electronics, automotive, and healthcare. This dual-use nature underscores silver’s unique market dynamics, which are distinct from gold’s. While investors often turn to silver as a hedge against economic volatility, its industrial demand remains a driving force behind its price fluctuations. As economies worldwide strive for technological advancement and sustainable solutions, silver’s utility across diverse industries underscores its enduring value and potential for growth in the global marketplace.
Struggling to Survive: New York Community Bank’s Desperate Bid Amid Funding Woes
As the clock ticks down to the end of the Bank Term Funding Program on March 11, New York Community Bank (NYCB) grapples with financial turmoil. The New York-based commercial real estate lender, parent company of Flagstaff Bank, and a key player in the regional banking sector has endured a tumultuous week marked by a sharp decline in its stock price—the lowest since 1996. This downward spiral follows the revelation of a significant quarterly loss in January, attributed to “material weaknesses” in its loan review process. Despite assurances that the loss won’t impact regulatory or credit agreements, NYCB’s shares plummeted by 23% in after-hours trading Thursday. The bank’s woes intensified in February with a staggering $252 million loss for the fourth quarter, sparking concerns about the health of regional lenders at large.
Amidst this crisis, NYCB announced a change in leadership, with Thomas R. Cangemi stepping down as CEO after 27 years to be succeeded by Alessandro (Sandro) DiNello. As DiNello takes the helm, NYCB faces a pivotal moment in its quest for stability and transformation while regulators closely monitor the situation, wary of a repeat of past banking debacles.
At the Crossroads of Wealth Preservation vs. Wealth Creation
Jennifer and Ken present a compelling case for protecting your buying power. The fundamental difference between wealth preservation and wealth creation emphasizes the importance of focusing on the former in today’s uncertain economic climate. While wealth creation involves strategies to generate new income and assets, wealth preservation prioritizes safeguarding existing wealth from erosion caused by various financial risks. Ken highlights the alarming red flags that underscore the urgency of wealth preservation, including persistent inflation, a monetary policy reliant on unsustainable debt levels, geopolitical tensions, and the growing influence of emerging economies like the BRIC nations. With every fiat currency system in history ultimately collapsing and the dollar, as the world’s reserve currency, gradually losing its strength, the imperative to protect one’s wealth becomes increasingly evident. Individuals can adopt proactive measures to shield their financial assets and secure long-term prosperity by understanding and addressing these warning signs.
______________________________________________________________________________________________
Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/
Gold IRA: https://www.midasgoldgroup.com/gold-ira/
Invest in Gold: https://www.midasgoldgroup.com/buy-gold/
Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/
Read the latest precious metals news: https://www.midasgoldgroup.com/news/
-
25:07
Midas Gold Group
1 month agoMore Deficit Spending | The Gold Standard 2411
78 -
8:23
Adam Does Movies
1 day ago $0.04 earnedKingdom Of The Planet Of The Apes Movie Review - Needs More Caesar!
95.8K46 -
8:24
TheGetCanceledPodcast
1 day agoThe GCP | Siempre Tequila Lightning Round | Trivia with Diogo Snow
101K8 -
13:19
Space Ice
1 day agoSteven Seagal's Ticker Is So Bad It's Almost As Bad As The Movie 'Ticker' - Worst Movie Ever
98.8K82 -
9:26
Misha Petrov
1 day ago"I Don't Want to Work!" Does Gen Z Have a Laziness Problem?
83.3K210 -
1:34:01
ReasonTV
1 day agoNico Perrino: When does protesting become a crime?
70.9K64 -
6:38
ND - Woodworking Art
17 hours ago75 Days Build Audi Skysphere Pink For My Daughter's 1st Birthday
66.5K47 -
33:55
Kimberly Guilfoyle
2 days agoLIVE FROM RUMBLE TORONTO, a Conversation with Journalist, Lawyer, and Fellow Rumble Host Glenn Greenwald
129K59 -
1:13:22
The Squad
1 day agoArsenal WILL RUIN UNITED🚨 Chelsea are now DANGEROUS😨 Terry WANTS SOUTHGATE!📝
60K6 -
25:45
TheTapeLibrary
1 day ago $0.41 earnedWARNING! Dangerous Games You Shouldn't Play With Spirits
53.6K21