Hold the Line! Why Selling Gold Now Is a Risky Move | The Gold Spot

Job openings have fallen to their lowest point in over three years, signaling broader concerns about the economy’s strength. This decline, along with significant layoffs, has shaken confidence in the market.

Major stock indices have taken a hit after record-setting performance, further calling the economy’s future performance into question. All these headwinds could force the Federal Reserve to implement more aggressive rate cuts than anticipated.

On the global stage, more countries are seeking to distance themselves from the dollar, with the BRICS nations at the forefront of this movement. Recently, Turkey asked to join, proving the process of de-dollarization is picking up speed.

In the US, Vice President Kamala Harris' controversial proposal to tax unrealized gains has pushed investors to focus on safeguarding their portfolios with safe-haven assets. At the same time, the recent dip in gold prices has investors wondering if it's time to sell.

In this week’s The Gold Spot, Scottsdale Bullion & Coin Founder Eric Sepanek and Sr. Precious Metals Advisor Steve Rand discuss how the economy is cooling, the growing de-dollarization block, and the importance of financial privacy.

Read more here: https://www.sbcgold.com/blog/why-selling-gold-now-is-a-risky-move/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_09042024

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⭐ @sbcgold Precious Metals Advisors in this The Gold Spot video:

👤 Steve Rand: https://www.sbcgold.com/about/steve-rand/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_09042024

👤 Eric Sepanek