5/3/2023 ‘The Yellow Metal’ and ‘Montezuma’s Revenge’
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 5/3/2023 Towne Wealth Management
‘The Yellow Metal’ and ‘Montezuma’s Revenge’
“Incredibly Slim,” are the chances that the U.S. dollar could technically collapse any time soon, says Forbes 3/29/2023. Further, fears of a US Dollar blow-up may be tied to doomsayers hawking gold, reports Business Insider 4/15/2023. Nevertheless, according to the Business Insider 4/15/2023 report, for financial rainy-day proponents, the yellow metal is now trading around US$1,885 an ounce, well above last year’s low of around US$1,623, with the Globe Advisor Weekly 2/8/2023, suggesting that gold price [for futures] may go up 3 per cent this year from 2022 to “an average annual price in 2024 of US$2,000.”
Although it’s been said that ‘All that Glitters is not Gold,’ many pundits are saying the end of interest rate increases may put gold in the glitter, i.e., stocks, in the coming months….
And… for those dedicated to accumulating gold,
we hope you achieve your goals and not….
Montezuma’s Revenge!!!!!!
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.