Discern Report is the fastest growing America First news aggregator in the nation.
In economics, current sentiment is key to speculation. It can create the financial equivalent of self-fulfilling prophecies. For example, when the economy is believed to be in a downturn, consumers tend to spend less which helps put the economy in a downturn.
The current sentiment toward prospects of a government default if the debt ceiling isn’t raised in time has many investors acting skittish. According to Filip De Mott from Business Insider, many investors are turning to gold ahead of the fallout of such an event which could take place in less than three weeks.
“Specific predictions about the market fallout from a US default are tricky as such an event is unprecedented,” he said. “But analysts say gold will still be viewed as a safe haven.”
That doesn’t mean precious metals investors need to hope for default. As analyst Christopher Louney and other economists have been saying for weeks, even a last-minute deal cut between Republicans and Democrats to raise the debt ceiling could be a boon for precious metals investors who act soon enough.
“Even assuming a deal is eventually reached, we wouldn’t disregard potential growing financial angst as the deadline approaches,” Louney said. “In such a scenario, gold looks like one of the few likely candidates that would bear the burden of resulting market flows.”
As a publication, we benefits when our readers purchase from either of our America First precious metals sponsors. They have been very busy in recent months and are expecting the next two weeks to see the flood gates opening as we approach either default or a last-minute deal to prevent default. This is why we’re encouraging people to contact Our Gold Guy for multiple purchase types of physical bullion or Genesis Gold Group for retirement account rollovers backed by physical gold and silver.
Investors are paying attention, not just to what’s happening in Washington DC but to the sentiment shifting across the world. Gold in particular seems to be of interest; even most central banks around the globe have been buying up as much of the precious metal as they can get over the last few months.
“I wouldn’t be surprised if we had a $100 move in gold prices,” Oanda Senior Market Analyst Edward Moya said. “It’s a little too tough to call, but obviously that is a historic moment that would unravel large parts of Wall Street.”
The reason we selected one mid-sized precious metals company in Genesis and one smaller company in Our Gold Guy is because they are both rare in the way they do business. Unlike “Big Gold” players, neither Genesis nor Our Gold Guy attempt to con people into buying an extra $10,000 in “free” silver. It’s a marketing ploy that works well, which is why so many in “Big Gold” do it. Our partners have far too much integrity to engage in such shenanigans.
Quincy Krosby, chief global strategist for LPL Financial, also expects that gold could climb in a default, saying the dollar could weaken and elevate it, given that the commodity is priced in dollars.
She also pointed to credit default swaps as a potential indicator, noting that they are correlated with gold. In April, one-year default swaps hit their highest since 2008.
“It would not be surprising to see gold as a safe haven refuge for those who are concerned that a default could, in fact, ensue,” Krosby said.
Even outside of a default scenario, gold has other tailwinds that potentially set it up for new record highs. Moya pointed to the continued buying of gold by global central banks, demand from China and India, and global rate easing, which helps gold because it’s a non-interest-bearing asset.
“So, it seems that there’s a good reason to anticipate gold could still outperform,” he said. “Will $2,100 happen this year? I think there’s still a good chance that that could happen, given the way the US economy — or the direction — the US economy is headed. So gold is probably going to do just fine, given all the risks that are on the table.”
Reach out to Our Gold Guy or Genesis to get started with protecting your life’s savings from government, central banks, and other nefarious forces.
Discern Report is the fastest growing America First news aggregator in the nation.
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker
