OPEC Cuts 1 Million Barrels As World Dumps US Dollar (New BRICS Currency) ►
Why did the price of gold & silver spike higher today? The surge in precious metals followed a terrible Job Openings number released by the Bureau of Labor Statistics.
The decline in job openings was far worse than expectations, it was the first sub 10 million job opening print since May of 2021, and the two month decline was the 2nd worst on record, the only worse decline was during the pandemic lockdowns.
This job opening print indicates the US is headed to a severe recession, and it’s very interesting that gold and silver are spiking on that news.
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Today, gold and silver prices have surged after a new report shows the confirmation of a recession. These precious metals have long served as a safe haven investment, especially during times of economic uncertainty. With the current state of the global market, it is not surprising that investors are seeking the stability of gold and silver.
The report released today is the latest non-farm payroll report which revealed an unexpected loss of 701,000 jobs in March alone. This marks the largest drop in employment since the Great Recession in 2008. Moreover, the report also indicated that the unemployment rate has risen to 4.4%, the highest it has been since 2017.
The current economic climate is riddled with uncertainty, with many experts warning of a global recession. The coronavirus outbreak has already caused significant disruption to the global economy, with businesses shutting down and job losses on the rise. This has prompted governments around the world to introduce stimulus measures in an attempt to mitigate the economic damage.
With so much uncertainty in the market, investors are scrambling to protect their portfolios. Gold and silver have long been considered safe haven assets, as they are not tied to any company, currency, or government. Despite the stock market experiencing a significant drop over the past few weeks, gold and silver have risen to record levels.
So why is gold and silver considered a safe haven asset? These precious metals have been used as currency for thousands of years, and they have retained their value over time. In times of economic uncertainty, investors often flock to gold and silver as they are considered a reliable means of protecting wealth.
All in all, the current economic climate is causing significant turbulence in the market, with many experts predicting a global recession. With uncertainty on the rise, it’s no surprise that investors are looking to safe haven assets such as gold and silver. It remains to be seen what the future holds, but, as always, precious metals are well-positioned to weather any economic storm.
OPEC Cuts 1 Million Barrels As World Dumps US Dollar (New BRICS Currency) ► https://www.youtube.com/watch?v=qOdxP-P4IIs
Great content, I have read through so many comments and still couldn't make good sense of all I read.
I am new to this type of investment, the fact is I heard someone talking about this High yield,
and I got so interested. I do not know what to do or how to go about it.
How do I begin? Any good idea will be nice and appreciated.
What if I only have gold in jewelry??
Not even a hint of recession. This is the best economy EVER.
Bought last week but have to wait for delayed delivery. I don’t mind!
The people of America and their government are getting all caught up in their Web of lies serves them right
Isn't that what they wanted….. job loss
Atlas Shrugged
Glad a I bought alot while the price was down. Just for me, – Stacking has come to a grinding halt. I think I'll combine my monthly precious metals budget into my Brokerage account and earn a little bit more passive income until the price drops back down.
Weaponising the dollar is the most stupid ever done by US. The privilege was a gift.
I think people ought to stop worrying about trying to time the market. You set aside a certain amount of money. It might be $50, $200, or $500 in a given month. Then you simply make regular purchases with that amount of money or with a few months of that amount of money, in the case of Gold. The prices will take care of themselves. If you simply dedicate yourself to making regular purchases with a set amount of money, you will automatically buy more when prices are low and less when prices are high. It takes all of the guesswork and timing out of the markets for you.
The Fed. is going to raise rates in may a 1/4 basis points and then pause. Jerome Powell job is to keep inflation at a responsible level which he believes to be at 2% we are not anyway close to that mark. At the last rate meeting he mentioned the banking crisis and said they were keeping a close eye on it but also in his remarks a was still on the hawkish side. That is what they want a recession that is what brings prices down.
Your assessment sounds just about right to me. BTW…I ordered from SD on 3/16 and it just shipped.
I am guessing 15 to 20 years with the amount of leverage etc. Everything is mirroring the Great Depression…..Sovereign debt crises
recession no way—-The Great Reset is another name for depression….way longer than recession—lost decade or more
Fantastic economic data and presentation. Additional fuel to silver's rocket boosters includes CEO of JP Morgan Chase saying, "the banking crisis is just beginning".
It's been there before, maybe this time it will stay or go higher.
I'm looking at lead, brass, and copper while it's still available. The govt just un-mothballed a handful of ammo production facilities to keep up with military demand.
I hope you’re right, however every place I go to order silver, they always charge me twice what silver coins are worth. Why is that? Same with gold!
It was confirmed months ago when there were two consecutive negative GDP months. (By definition)
A few weeks ago, I said that SVB isn't the Big One.
But we're closing in on it. I can't predict what specifically it will be – too many options – but I will post my bet that it will be this year. 2023. Probably BRICS, possibly something else entirely out of left field.
I only have 1200 oz and my wife says I can’t buy anymore….
The US dollar has hit a BRICSwall
Judging how the reaction of precious metals have been. And not to mention the amount that is being secured by individuals, that ship looks to be far out to sea by month end or early May.
I graduated from college and entered the financial world in 1984…I find it interesting that over the last 39 years, the banking system, which invests in US Govt Bonds, has seen nothing but declining interest rates and rising bond prices…There has to be hundreds of small and medium banks, who have bonds and who's leadership have no idea what to do with them…
Destruction of our economy is due to Trumps uprising & following. Punishment by the Elites.
Keep the content coming, I personally am just starting out but these videos keep me motivated thanks again
Why do you think putin bought tons of gold before the war started he's not stupid
Fed killing everything ,of course silver gold will go up it manipulated big time
I’m not getting any notifications today. If I open the app, I see the new video notifications, but nothing if I don’t have the app open.
Commonsense says pause or lower rates. In the last year has Powell used Commonsense? No pivot, he's going to raise rates
It would be awesome if they limited sales to those under $500. Help the little guy. But nope.
Yes, labor market egg has cracked!
Just purchased another 20 oz. of Brittanias