❖ GOLD IS HEADED FOR $3,000, SAYS CITI
THE PRICE OF GOLD WILL HIT $3,000 A TROY OUNCE IN THE NEXT SIX TO 18 MONTHS, ACCORDING CITIGROUP ANALYSTS.
GOLD'S RECENT RUN HAS BEEN REMARKABLE, OVERCOMING THE HEADWINDS OF RISING INTEREST RATES AND A STRENGTHENING U.S. DOLLAR. IT HAS ALSO CONTINUED DESPITE A NOTABLE LACK OF BUYING IN VISIBLE FINANCIAL AND PHYSICAL MARKETS, LEADING SEVERAL WALL STREET ANALYSTS TO SPECULATE ABOUT A "MYSTERY BUYER."
GOLD'S RALLY HAS BEEN BOOSTED BY GEOPOLITICAL RISK, IMPORTS INTO CHINA AND INDIA AND WHAT APPEARS TO BE FLIGHT FROM TRADITIONAL GOVERNMENT-BACKED CURRENCIES SUCH AS THE U.S. DOLLAR, SAID CITI'S ANALYSTS.
A ROUGHLY 20%-25% GROWTH IN GLOBAL DEBT TO $315 TRILLION HAS, THEY WROTE, SPARKED DEMAND FOR GOLD FROM RETAIL BUYERS, FAMILY OFFICES AND ULTRA-HIGH-NET-WORTH INVESTORS. ...
THE COST OF THE AMERICAN DREAM HAS EXPLODED.
Owning a home.
Buying groceries.
Driving to work.
Paying insurance.
Even your morning coffee.
Nearly every major household expense costs dramatically more than it did just a few years ago.
Over the last 7 years:
• Coffee: +127%
• Home prices: +60%
• Auto insurance: +51%
• Gasoline: +49%
• Electricity: +44%
• Shelter: +35%
• Groceries: +33%
And that's before paying for healthcare, transportation, or eating out.
This is why so many families feel like they're falling behind even when they get a raise.
The biggest financial problem for millions of Americans is that everything is going up at the same time, while the government keeps showing a 2% inflation target.
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Biohacker Bryan Johnson claimed he cloned himself as a newborn for the purpose of providing him blood and cells.