RE:RE:US$ /gold
Retiredgeo wrote: Other countries will stop buying from the US. The pain will be felt everywhere.
The FED is independent of the Executive branch. This is Powell's doing not Biden's. I'm sure Biden would be thrilled if Powell reversed course but all he can do is ask politely.
Powell can send the FED rate back to 10% if he wants. It has happened before. The pain can increase for a long time to come. At some point something is going to break and precious metals will be the last surviving store of value. That's why I loaded up on Gold and Silver stocks back in 2020 and that is why I am still holding on to them.
A global monetary reset is looking more and more likely. That will be very good for Gold and NFG.
do you really believe they are not connected the president appoints him to that position