What are the Three Drivers for Gold Heading into 2023?
To combat forty-year high inflation, the Federal Reserve was forced to quickly raise interest rates to strengthen the Dollar.
This move had an immediate impact on mortgage and lending rates, forcing a slow-down on an economy dependent upon cheap money to keep the engine running. Today, the result that many fear is stagflation; a persistent high inflation combined with high unemployment and stagnant demand.
Historically, the most important driver of gold and silver prices is stagflation. This helps explain why we are seeing premiums for gold and silver coins at all-time highs and a flight to safety for physical precious metals. Dealers across the country are struggling to meet the growing demand for gold and silver as an off-the-grid safe haven and delays are quickly building.
Our latest edition of the Hard Money Investor is available now. Inside you will learn about three key drivers we believe will push gold and other precious metals to new market highs. In addition, we share key information about what’s going on behind the scenes in the physical metals market so you can prepare yourself for what’s to come.
