Gold firms as Middle East jitters outweigh US inflation data
Friday, 12 January 2024 Gold prices gained on Friday as fears of escalating conflict in the Middle East lifted the appeal of the safe-haven metal, despite stronger than expected US inflation data boosting the dollar and Treasury yields. Spot gold was up 0.5% at $2,038.19 per ounce at 0951 GMT, extending its run above the $2,000 level to nearly a month. US gold futures were up 1.2% to $2,042.90. A sudden widening of the war in Gaza is raising questions about how long stock markets can rally, and when central banks will cut rates.
Gold and silver are lawful money and safe haven assets that are universally recognized as a store of wealth which can be passed down through many generations. Both metals have lasted through three world wars, hyper inflation and severe economic collapses. Moreover, nearly every country in the world...
What if I told you that one of the world's most beloved children's stories was really an allegory of class and economic struggle over monetary policy, specifically gold and silver..
Friday, 12 January 2024
![REVELATION REDPILL EP 42: The Wizard of Oz: & the Grand Tale of Monetary Policy [Video]](https://video.newsserve.net/300/v/20240104/1704332975-REVELATION-REDPILL-EP-42-The-Wizard-of-Oz.jpg)
