Former Fed Insider Says Precious Metals Are the Only Safe Place Left #Gold #Fed #PreciousMetals

The only place that you can hide with any certainty, especially when interest rates are as high as they are, is precious metals. >> The households are already under pressure, and it does sound like that long-term case for gold, you know, is there. Yet, it just reversed more than $130. I mean, is the market selling the hedge before it needs it? >> Possibly. Again, we're going to have to see follow-through to core inflation, which we're not seeing in order to justify subsequent further rate hikes going forward. I think this is probably something of a a quick reaction. Bear in mind, when stocks fall, sometimes there are those those margin calls hit, and sometimes you sell what you've got the closest to you. But, going back to your your comment and your observation and Fitch's observation about stress in private credit, whenever there is stress in the credit markets, and we're certainly seeing that, not just with small business bankruptcies, but according to Bank Bankruptcy Watch, fast-rising commercial, larger company bankruptcies, obviously, private credit defaults are going up. Whenever you see stress in the credit markets, the only place that you can hide with any certainty, especially when interest rates are as high as they are, is precious metals.