Gold Clings to Record Highs Above $3,300 While the Fed Twiddles Its Thumbs
Let’s be blunt, friends—while the media pumps out feel-good stories about the “strong” labor market and “moderate” inflation, gold is quietly sending a signal that the foundations of our currency are as shaky as an old pickup rattling down a dirt road.
Gold Holds Steady as the Fed Waffles
This week, gold dug in its heels, holding steady above $3,300 an ounce, as the Federal Reserve chose to keep playing the wait-and-see game. You know, the same game they’ve been playing for over a year while inflation gouges your paycheck and the national debt spins out of control.
According to the freshly released minutes from the Fed’s June meeting, policymakers claimed they’re “well positioned” to sit tight and gather more data before making any moves. Translation: they don’t have a clue whether to cut rates, hike them, or stand on their heads.
Only Two Voices Calling for Rate Cuts
“A couple of participants noted that, if the data evolve in line with their expectations, they would be open to considering a reduction…”
A couple. That’s it. You’ve got two lone voices—Waller and Bowman—waving their hands about a possible rate cut. Everyone else is hunkered down, hoping the numbers will miraculously improve on their own.
Meanwhile, markets are already pricing in 63 basis points of easing this year, which tells you the smart money isn’t buying the Fed’s bravado. And why would they? These are the same folks who told us inflation was “transitory” while your grocery bill doubled.
No Shift in Neutral Stance
Jeffrey Roach, the Chief Economist at LPL Financial, summed it up perfectly—nothing in these minutes moved the needle. The Fed is still stuck in neutral. The economy keeps “trudging along,” inflation remains stubborn, and we’re all left wondering how much more erosion the dollar can take.
Gold’s Resilience Is No Accident
While all this dithering goes on, gold prices have been showing exactly why precious metals have been trusted for 5,000 years. Even as spot gold saw a modest rally after the minutes were released—ticking up to $3,310 an ounce—most of the gains have held firm. That’s not a fluke. It’s a signal.
This is the moment to ask yourself: are you prepared? Because if you’re counting on the same central planners who engineered this mess to fix it, you’re in for a rude awakening. Gold and silver aren’t just investments—they’re your financial lifeboat when the paper currency ship goes down.
Take Action Before It’s Too Late
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