Gold Prices About to Make Highest Jump in 50 Years? | The Gold Spot

That 70s Show is stuck on a loop as the economic and geopolitical landscapes reflect conditions of 50 years ago. If things continue playing out on a similar note, it's bad news for the economy but good news for gold prices.

The domestic economic situation is reaching new lows as Treasury yields near 5% - the highest rate in over 15 years. As bond rates jump, the value of investments sinks resulting in widespread panic in the worldwide economy.

Banks are reporting massive unrealized losses as governments dump their US securities. Investors are feeling the squeeze too as the US dollar dwindles in value and the stock market dries up in value.

At the same time, US debt moves full steam ahead into uncharted territory. With two major wars to fund and a spend-crazy administration in charge, the government is revving up for even more spending in the short term.

The Federal Reserve is wedded to failed policies that only escalate economic pressures. It’s only a matter of time before something breaks, and the American people will – once again – be in position to bear the brunt.

Interestingly, gold saw a price boost despite the bond fiasco, leading many to wonder if the precious metal will decouple from bonds like in the 1970s. If so, gold would be in prime position for some massive moves.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Precious Metals Advisors Joe Elkjer and Damian White explain the ensuing bond shock, the monumental US debt, and how these economic pressures are impacting gold prices.

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📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/

🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/

👉 Gold Bullion Bars in Arizona:
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⭐ Advisors in this The Gold Spot video:

👤 Joe Elkjer, Precious Metals Advisor @sbcgold : https://www.sbcgold.com/about/joe-elkjer/

👤 Damian White, Sr. Precious Metals Advisor at @sbcgold : https://www.sbcgold.com/about/damian-white/