Playing The Long Game With Gold
I'm as surprised as anyone the Federal Reserve has actually managed to get the Funds Rate to 5%. I'm more surprised Gold has held up as well as it has in that hiking environment.
I stumbled upon an old post from 2022 and I couldn’t help but laugh out loud when I read the headline:
At the time, the Fed Funds rate was still on the floor. Now it’s over 5%. Turns out the Fed actually can hike and hyperbole isn’t all that helpful. The central bank people appear to be the winners. I don’t want to put any shade on that whatsoever. My “h…
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