However the biggest and easiest manipulation to see has been Biden selling the Strategic Petroleum Reserves instead of producing it. Our production has been stalled. How long will it take to ramp that back up? Years.
He's managed to keep gas prices down through the high Summer demand where everyone is most aware. Well, that well is tapped! No one is going to replace it. Oil should be heading up going forward. $150 a barrel is a real possibility. Saudis won't crank open the valve. Russia is pissed snd not selling. New oil well permits have dropped 10+% that's massive for America. Nat gas $ is in the hole. Producers have closed their wells. Biden's silver bullet is done.
I'm sticking with Nat gas. Europe will die without it.
Fuel prices have to explode. Like metal prices.
Metals are a loss to me why it's sideways? If the Fed is going to create a gold back digital currency , then will it be back with paper gold?
I've read where the US gold back CBDC will be used for international swaps only. We at home get stuck with a promissory backed Digital currency that can be diluted and increase with a key stroke. Same deal we got now with printing presses. They want to have the means to monitor our spending. Not sure what the drug cartels are going to do??
I'm thinking as we get forced into this, our gold supplies will be found out and will set off the explosion in metal prices. The rest of the world won't allow Americans to trade with some fiat gold currency. They will demand real gold.
Silver will follow.
Imagine America needing to back all our petrol dollars over seas with real gold? The world can't mine enough fast enough. We will need to back an oz of gold by $10-30k an oz, not some crappy $2k
Miners like this will explode.
I like GL&DG below a buck. You get to invests in a basket of gold miners. That market cap is way below what assets they own today.
Stocks line this will be a no brainer.
Gold backs wealth. Big wealth. $31T in debt is massive wealth. Silver at $20oz can't do it. Silver will go above $5k an Oz.
Make sure you have a long term fixed rate loans.
This explodes and inflation will eliminate your debt in a snap. Wish I went out on a limb and bought those two beach condos on the Gulf
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