President Donald Trump and Vice President JD Vance on Inauguration Day, January 20, 2025. Photo courtesy of the White House via X.com.
Are we having fun yet? What did you expect? President Trump didn’t write How to Win Friends and Influence People or The Art of the Tariff. This is going to take some time to play out.
You can gauge how much cleaning house America needs to do by the reaction of the political class. The pigs got too fat at the trough, and now they’re squealing.
You can thank Biden for this inflation mess, if he was even part of the meetings. Maybe his handlers and interns deserve more of the blame. Talk about Weekend at Bernie’s. It would be nice to peg the dollar to gold, but politicians’ kryptonite is discipline.
Gold is soaring to all-time highs, and warehouses are being filled as demand spikes. Demand can’t be met with only a 1.5% increase in production in 2024, the same average rate it’s been since 1969. Dick Young wrote in 2017, “Gold is a store of value—a wealth preservation vehicle. Gold won’t make you rich, but it also won’t make you poor. Gold is a currency. It can’t go bankrupt, lose its value because of poor management, accounting fraud, world war, or hyper-inflation. Investors who truly understand gold recognize that gold should be counted in ounces, not in dollars.”
Action Line: The overall mood has improved, but we all know there’s a lot of work to be done. Keep the pressure on. Email me at ejsmith@yoursurvivalguy.com when you want to talk about gold in your portfolio.
Originally posted on Your Survival Guy.
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