Decline of the Dollar: Gold and Silver Surging!

by | Jul 20, 2023 | Rollover IRA | 21 comments




In this video simplistic charts Joe goes over the crash of the dollar that will push GOLD & SILVER higher.

Not only retail investors piling into precious metals. The Industrial demand for silver by itself will drive the price up.

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#DOLLAR Dumping, $GOLD & $SILVER Breaking Out!!

In recent times, the financial markets have been witnessing some intense movements that have caught the attention of investors and analysts alike. One such development is the #DOLLAR dumping scenario, where the value of the US dollar has been weakening. Simultaneously, there has been a significant breakout in the prices of precious metals like gold and silver, attracting the interest of many investors looking for alternative safe-haven assets.

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To comprehend the situation, let’s delve into the factors contributing to the weakening of the US dollar. One of the primary reasons is the Federal Reserve’s aggressive monetary policy in response to the economic impact of the COVID-19 pandemic. The central bank has launched several stimulus measures and initiated a near-zero interest rate policy to boost the economy. While these actions are crucial to support businesses and individuals during these challenging times, they weigh heavily on the US dollar’s strength.

Moreover, the increasing fiscal deficit due to substantial government spending further weakens the dollar’s value. To fund various relief programs, the US government is borrowing extensively, which results in an increased supply of dollars in the market. With a high supply and low demand, the value of the dollar dwindles. Additionally, the ongoing political uncertainty in the United States adds to the weakening sentiment towards the currency.

While the dollar faces pressure, investors are turning to alternative assets, and notably, precious metals are experiencing a surge. Gold and silver have been regarded as safe-haven assets for centuries, particularly during times of economic uncertainty and instability. These metals tend to retain their value even during volatile market conditions, making them attractive to investors seeking to protect their capital.

Gold, often referred to as “digital gold,” has always held a prominent place in portfolios as a hedge against inflation and currency devaluation. The recent economic uncertainties caused by the pandemic, coupled with the weakening dollar, have fueled a surge in demand for gold. As a result, its price has soared to record levels in recent months.

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Silver, on the other hand, has also experienced a significant breakout. Known for its industrial usage in areas such as electronics and solar panels, silver has seen increased demand due to the global push for renewable energy and increased technological advancements. Furthermore, the weakening dollar and the surge in retail investor interest through platforms like Reddit’s WallStreetBets have contributed to the silver breakout.

The rise in gold and silver prices can be seen as a reflection of the diminishing confidence in traditional currencies, particularly the US dollar. Investors are searching for safe havens to safeguard their wealth, which has led to the recent upswing in the precious metals’ prices. As the trend continues, it is likely that more investors will flock toward gold and silver, amplifying their growth further.

However, it is essential to note that the markets are inherently volatile. Neither the weakening dollar nor the breakout of gold and silver are guaranteed to persist indefinitely. Investors should exercise caution and consider diversifying their portfolios to mitigate risks associated with any one asset class.

In conclusion, the #DOLLAR dumping scenario, accompanied by the breakout of gold and silver, is a testament to the current economic uncertainties. The weakening of the US dollar due to extensive monetary stimulus and fiscal deficits has resulted in investors seeking safer alternatives, leading to a surge in gold and silver prices. As always, investors should carefully assess their investment strategies and consider consulting with financial professionals to navigate these uncertain times successfully.

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21 Comments

  1. tom rowe

    Hi I’ve got 9lbs of 50% silver braze wire in original boxes any suggestions on what to do with it would be appreciated thanks Tom rowe Neosho Missouri

  2. Bamagirl

    Asking for prayers please

  3. Richard

    Dollars running 99 cents right now 1:14 Central standard Time 7/13/23

  4. K. William Elliott

    About 11:30 AM CDT, been watching the DXY drop all morning. Head below 1.00 right now…Silver spiking on Comex. Should be an interesting day.

  5. kevin joseph

    break out is $30, day after day, no smash down.

  6. B W

    I wish i knew 1/2 of what he does about reading those.

  7. AJ

    When it moves past 30$ I'll start believing it's breaking out. At this time supply is definitely being lost, but it hasn't broken yet.

  8. Russ

    I made an investment yesterday that resulted in a good amount of return. I invested my knowledge, time, and some physical labor.
    I did a job and it paid well. No charts needed! I still love the channel and trust Chris, an asset to mankind!

  9. GoTime76

    BRICS is going to a gold standard the end of August. Bye-bye Dollar.

  10. DogBeast

    Thanks, gentlemen. We have been warned…repeatedly. And yet few pay heed.

  11. Vociferous Bob

    Yeah I don't play the lottery in Texas because all you do is lose your money and I wouldn't go to Vegas and waste my time they're losing my money either so if you buy something at a low price and you hold on to it long enough you can make some money on it then you have to ask yourself what the capital gains tax going to be especially especially when you're buying Eagles

  12. Truckboy383

    Thanks for the technical analysis. It's very much appreciated, sirs.

  13. Vociferous Bob

    I don't think it's a liar I just think he's ignorant and manipulative

  14. Melissa Bush

    Heck Yeah! Let’s do this! Dint sell for paper, just sayin’!

  15. Vociferous Bob

    I don't think Chris believes everything he hears either

  16. Řфøм237

    Good stuff, thanks guys for the report!!

  17. Vociferous Bob

    You should hear me describe a heart monitor because I would have more credibility than this clown

  18. Vociferous Bob

    Something already popped and it's called this guy's credibility he's talking a bunch of crap he doesn't know what he's talking about funny sounds like a used car salesman it's trying to sell Mining stock and you know what they say about stuck if you don't hold it you don't own it and stock is just a piece of paper just like this chart that looks like a hunter Biden painting

  19. Vociferous Bob

    That guy is talking crap and he doesn't even believe anything he's saying. That chart looks like a hunter Biden painting have the guy that's trying to describe it doesn't know what the hell he's talking about. It's like the kitco fear porn scare tactics trying to get people to buy and sell so they can get their commission also known as their premium. I was only able to pick up 5 more silver eagles but sometimes you've got to know when to pay your bills down and not incur any more bills and maintain your low mortgage payment when the s*** hits the fan yeah silver went up about a dollar fifteen announce today so it would have been wise to buy at 2281 and hold but these so-called experts are full of s*** so I threw $199.05 and got five eagles and I will stop at that if the price goes too high

  20. Diane Hanks

    thanks chris and joe

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