🔑 #TheWealthStandard 🗝 Alert from @19_keys ● It’s easy to forget now but there was a time early on in the pandemic when the price of #gold was in freefall.⠀ ● It was a curious thing, what with the virus sparking a collapse in the global economy, and it would prove in time to be one of the great head-fakes in the recent history of financial markets. For the #pandemic of 2020 would soon show itself to be the driving force behind one of the most ferocious rallies the #goldmarket has ever seen. At the close of trading in New York on Friday, bullion had spiraled to $1,902.02 an ounce, some 30% higher than the low it hit in March and just 1% off a record high set back in 2011.⠀ ● The virus has unleashed a torrent of forces that are conspiring to fuel relentless demand for the perceived safety from turmoil that gold provides. There’s the fear of further government-ordered lockdowns; and politicians’ decision to push through unprecedented stimulus packages; and central bankers’ decision to print money faster than they ever have before to finance that spending; and the plunge in inflation-adjusted bond yields into negative territory in the U.S.; and the dollar’s sudden decline against the euro and yen; and rising U.S.-China tensions.⠀ ● All these things, when taken together, have even triggered concern in some financial circles that stagflation -- a rare combination of sluggish growth and rising inflation that erodes the value of fixed-income investments -- could take hold across parts of the developed world.⠀ ● In the U.S., where the virus is still raging and the economic recovery is stalling, this debate is growing louder. Investor expectations for annual inflation over the next decade, as measured by a bond-market metric known as breakevens, have moved higher the past four months after plunging in March. On Friday, they hit 1.5%. And while that remains below pre-pandemic levels and below the Federal Reserve’s own 2% target, it is almost a full percentage point higher than the 0.59% yield that benchmark 10-year Treasury bonds pay.via @businessinsider To learn how to get your family backed by gold and how to leverage it text “wealth standard” to 83360507 #1000Network (at United States) https://www.instagram.com/p/CDKzfYBDhII/?igshid=5r0xftj4lb6v
