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Thread: Gold Shows Resilience After Upbeat Inflation Data - Peter Hug

  1. #1

    Default Gold Shows Resilience After Upbeat Inflation Data - Peter Hug

    Despite the upbeat U.S. inflation data Thursday, Kitco’s Peter Hug points out that gold prices remain resilient. The U.S. Consumer Price Index rose 0.4% in August, higher than expected, which investors saw as more ammo for the Federal Reserve to raise interest rates this year. Gold prices fell to daily lows on the news but later moved higher, which to Hug is a positive sign. ‘I think traders bought the dip. You need to buy these dips,’ he said. ‘I’m still firm in my belief the Fed is not going to move in September.’


  2. #2
    Join Date
    Jan 2017
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    Gold will protect you from what is coming.
    ----------------------------------------------

    A little history.
    Before 1789 (the great French revolution) France was the dominant
    superpower. It had a great army and a great social benefit system.
    Much of it was financed by debt...so almost 50 % of government revenues
    went to service the debt. Well, France was gong bankrupt...and 1789 come.

    Any similarities with USA now ?
    USA collected last fiscal year 3 trillion $ in revenues but it spent more than
    4 trillion $. The debt is unsustainable.

    Gold will protect you from what is coming.

    https://www.sovereignman.com/trends/...7-again-22476/

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