Federal Reserve7 Mar 2023 09:34
Info only, as we all know the Fed said for month after month after month that inflation was only transitory temporary and they took no action. 12 months later they were hiking like mad so the so called experts in govt had not got a clue. Well they also saying that this year they will keep hiking, no chance they will hike maybe once or twice more then they will be in recession as interest rates bike and everything slows down six months after the last hike they will reduce. Once this happens gold will fly and all these producers will surge and my friend Seingred will be happy as we all know that the gold miners are massively undervalued thats why we are here.
This happened in 1970s and 2000 to 2011 history does repeat itself. Gold will shine like never before silver will explode. In seventies gold went up only 22 times and silver only 50 times. In
2000 to 2011 gold went up 6 times and silver went up many times to 50 dollars again.
Its gunna be a world recession as all these countries borrowed too much debt money printing. So what can the fed so only 2 things print money and reduce rates.