More Trouble for the Federal Reserve: Gold & Silver Going Higher!

July 31, 2023

Jeffrey Tucker, a writer, publisher, and entrepreneur, returns to the show to discuss the current state of the economy, interest rates, and inflation. He explains Powell's plan to combat inflation by raising interest rates. He also highlights the potential challenges the economy might face, such as a labor problem and fiscal crisis in major cities. As for precious metals, Jeffrey remains bullish on gold and silver, considering them safe havens amid increasing control and regulation in the financial sector and the rise of cryptocurrencies.

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The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.
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