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REVEALED: Best Investment During Inflation
As the dollar weakens, it can be a sign of potential trouble for the economy. In the latest video from Ira’s Metals, Ira Epstein looks at what this means for gold and other precious metals.
The US dollar is the most widely-traded currency in the world. It’s also the currency used to purchase most commodities, including gold. When the dollar weakens, it can make gold and other precious metals more attractive investments. This is because investors view gold as a safe-haven asset that can protect their wealth in times of economic uncertainty.
When the US dollar weakens, it can also be a sign of inflation. This is because a weaker dollar means that it takes more dollars to purchase the same amount of goods and services. This can lead to higher prices, which can have a negative effect on the economy.
In his video, Ira Epstein explains that gold can be a good hedge against inflation. He notes that gold has traditionally been viewed as a safe-haven asset and can help protect investors from the effects of inflation. He also explains that gold has historically been a good store of value, meaning that it has held its value better than other investments in times of economic uncertainty.
Overall, Ira Epstein’s video provides an insightful look into what a weakening US dollar can mean for gold and other precious metals. He explains that a weaker dollar can be a sign of potential economic trouble and can also lead to inflation. He also explains that gold can be a good hedge against inflation and can help protect investors’ wealth in times of economic uncertainty.
bank of canada is estimating 3% inflation for 2023. What a bunch of jokers.
Thank you