Experts at Saxo Bank are predicting that gold prices are going to skyrocket in 2023. Saxo’s Head of Commodity Strategy, Ole Hansen, predicted the price of spot gold could exceed $3,000 per ounce in the new year. Steen Jakobsen, chief investment officer at Saxo, told CNBC earlier in the month that he “would not be surprised to see commodity-driven economies wanting to go to gold because of a lack of better alternatives.” As the new year approaches, more Americans say they’re in a worse financial situation this year than the year before, according to a survey by Fidelity Investments. About half of respondents also said they’re ready to “live sensibly” or “plan ahead,” the survey said.

CNBC/Hannah Ward-Glenton
Meat bans, soaring gold prices and ‘un-Brexit’? One bank’s ‘outrageous’ predictions for 2023

“I Saxo Bank’s “outrageous predictions” for 2023 include a ban on meat production, skyrocketing gold prices and Britain voting to “un-Brexit.”

The Danish bank’s annual report, published earlier this month, expects global economies to shift into “war economy” mode, “where sovereign economic gains and self-reliance trump globalisation.”

The forecasts, while not representative of the bank’s official views, looked at how decisions from policymakers next year could impact both the global economy and the political agenda.

You can read the full story, here.

La Voce di New York & Fox/Lucas Jackson
No Relief at Supermarket Checkout as Prices in 2023 Predicted to be Even Higher

Sticker shock at the supermarket will continue or even worsen in the coming year, or so the experts predict. Don’t look for any relief.

When farmers suffer, so do we at the purchase point. Drought, supply chain shortages and the rising cost of doing business led to a difficult 2022 for American farmers. “I definitely think we have a food security threat,” Stephanie Nash, a Tennessee farmer and agriculture advocate told Fox News. “I believe 2023 is going to be rough. Worse than this year.”

Food prices have been outpacing overall inflation in 2022 as November food prices showed a 10.6% increase compared to last year, while overall inflation hit 7.1%, according to the Bureau of Labor Statistics.

You can read the full story, here.

Fox Business/Javier Simon
New year’s financial resolutions: Americans plan to take caution in 2023

Two-thirds or 66% of Americans plan to make New Year’s financial resolutions for 2023, according to a survey by Fidelity Investments. However, the economic turmoil of 2022 is persuading many to approach the new year with caution.

More than a third of respondents said they are in a worse financial situation this year than the year before. About half say they’re ready to “live sensibly” or “plan ahead,” the survey said.

“After the stresses of the last few years, Americans are understandably taking a pragmatic view of their financial situation,” Stacey Watson, the senior vice president of Life Event Planning at Fidelity Investments, said in a press release. “This is an encouraging indication of the grit and resilience we can tap into when the financial going gets tough. Given the ups and downs experienced, being creative and establishing new financial wellness habits are positive signs many are finding ways to shift the focus, to pay down debt or build up emergency savings. Proper planning, and balance, are key.”

Read the full story, here.

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