The Gold Spot | More Rate Hikes Incoming. Retail Repositions to Physical Gold

The Federal Reserve is making headline news once again after Jerome Powell testified before Congress.

Earlier this week, the Fed Chair told Americans to brace for a “bumpy” road ahead as financial czars plan to push rate hikes even higher and for a more extended period of time than anticipated.

Financial markets tanked across the board in response to the planned hikes and the acknowledgment of entrenched inflation. Even gold prices and silver prices saw a pullback.

The housing market has remained relatively has remained relatively unscathed, but the next spate of rate hikes might just seal its fate. The real estate market’s immense size has largely been propped up by low-interest debt which no longer exists. The incoming collapse of the housing market is all due to the Fed’s policy of making cheap money easy to access.

Savvy investors see the writing on the wall with higher interest rates and relentless inflation as they reposition away from fiat-backed markets to the protection of gold and silver. Central banks aren’t the only source of new flows to gold.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Sr. Advisor Damian White & Precious Metals Advisor Todd Graph Graf explain the Fed’s bombshell, why markets are going haywire, and why everyone is flocking to gold.