⛏ Gold Hasn’t Rallied This Much Since 1979

Gold Hasn’t Rallied This Much Since 1979
Gold’s value has ballooned by 40% this year, putting it on track for a greater annual price jump than during the depths of the Covid-19 pandemic or 2007-09 recession, according to Dow Jones Market Data. Futures for the precious metal haven’t surged so much in a year since 1979, when a global energy crisis fueled an inflationary shock that thrashed the world’s economy. Read on »

Copper price hits 15-month high
Copper jumped to a 15-month high on Monday amid a broader risk-on rally, as traders prepare for this week’s US Federal Reserve meeting with the expectation of a long-awaited interest rate cut. Futures on the London Metal Exchange rose by 1% to $10,173 a ton, the highest since June 2024. Those on the COMEX also gained 1.5% to $4.726 a pound, or about $10,419 a ton. Read on »

The Cost of Living Is Falling Fast… Relative to Gold
Most Americans don’t understand the root of the problem. Prices are not going higher. Instead, the U.S. dollar (like other fiat currencies) is going down the drain. If more people understood the yardstick that we use for prices – the dollar – was being debased, it would change the way they invest and save. The best way to illustrate what is happening with prices is to use a different yardstick. Take a look at what has happened to prices measured against gold. Read on »

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