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Gold Serves Its Purpose

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silversaver888
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The majority of investors believe that rates will be lowered by the Federal Reserve. The central bank has begun to do precisely that.

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This inflation is sticky! The rate decrease is a reaction to declining inflation. But recent high inflation data is taking policymakers by surprise. Strong inflation is another indication that gold may be rising, even if it has stopped rate reduction this year.

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Gold has long been thought of as an inflation hedge. It now serves many other purposes as well, like protecting against stock market fluctuations and inflation.  These days, it includes a long list of international concerns, such as the battles in Gaza and Ukraine, the Houthi rebels' attempts to blockade the Red Sea and Suez Canal, the possibility of war with China, and, of course, the absence of American leadership.

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According to Reuters, safe-haven gold is reaching a record peak due to central bank demand. Additionally, central banks in Russia, China, Turkey, and India are involved in addition to the Federal Reserve here in the United States. In 2023, central banks purchased 1,037.4 metric tons of gold, according to the World Gold Council.

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Many individuals would like to ignore the unsettling reality that our debt is out of control. The national debt is currently being added to by our government every 100 days at a rate of $1 trillion. That implies that during the course of the next ten years, we could witness a $54 trillion debt bomb.

Do you think that would be sustainable?

😍#ilikeitalot!😍

Gold and Silver Stacking is not for everyone.

Do your own research!

If you want to learn more, we are here at the Silver Gold Stackers Community. Come join us!

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