While gold and most other precious metals have been unpredictable lately, Michael Joseph, VP and Deputy Chief Investment Officer at Stansberry Asset Management, says investors should still own gold because paper money has a way of “losing its value over time.”

Advisor Perspectives/Michael Joseph
You Can’t Time Gold, but Own it Anyway

Will it ever be gold’s time to shine?

After breaching the historic $2,000 an ounce mark nearly two years ago, gold investors have largely been disappointed by the yellow metal’s performance.

And who can blame them? It was an ideal set up.

Central banks were printing money at an unprecedented pace. Governments were piling onto their mountains of national debt. And as COVID-19 ripped through the global population, it was unclear when a vaccine would be approved.

Against this backdrop of uncertainty and fiat currency destruction, gold price gains seemed all but certain.

Yet, gold has languished. And at a time when inflation is sky high!

Expect interest in gold to return.

You can keep reading, here.

GoldSeek/Kelsey Williams
How Much Is Gold Worth?

Everyone has an opinion as to what something is worth, whether the object of consideration is their home, a late grandfather’s pocket watch, or a specific stock.

The price of a specific item or asset at any given time is a reflection of all those varying opinions.

Some are based on fundamentals, some are based on technical factors. But the combination of all the opinions, and the resulting expectations (some expect the price to go up, others expect it to go down or remain the same), plus all of the other known factors at the time that might possibly impact the price, provide us with the clearest possible indication of current value for the item in question: its market price.

WHAT ABOUT GOLD?

Continue reading, here.

Yahoo Finance
Where American shoppers are still fighting inflation hardest: Morning Brief

Inflation pressures have been near 40-year highs for months.

And even with some recent signs of moderation in consumer prices — notably at the pump — household budgets are still being hammered in the grocery aisle.

In a report out Monday, the Dallas Fed’s latest manufacturing survey showed some food suppliers are finding a pullback in demand for their more premium, organic products as these inflation pressures continue.

“Consumer behavior is shifting to lower-priced items in our category as they struggle with inflation,” an executive in the food manufacturing industry told the Dallas Fed. “We see particular stress in our highest-end products, notably our organic beef sausage, as consumers trade down. We see strong consumer response to promotions, which is driving up costs.”

You can keep reading, here.

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