Gold Telegraph
@GoldTelegraph
Jerome Powell just said that the Federal Reserve is not declaring victory on inflation.
He just cut rates 50 basis points.
BRICS countries are beginning to prepare restrictions on the export of key commodities.
Hold on tight…
Hard assets are having a big day.
Silver is back above $31.
Janet Yellen says the 50 basis point rate cut yesterday is a very positive sign for the American economy.
Move over @billburr, here comes Janet for the comedy circuit.
Go gold.
Gold is the global currency.
It always will be.
Keep this in mind as the world continues to divide and debt spirals further out of control.
Copper hits a 2-month high.
The glue of the entire economy.
You are not watching gold surge.
You are watching the dollar get debased.
The dollar has lost over 30% of its purchasing power against gold in the past year.
This point is captured here:
Japan CPI inflation hits a 10-month high.
The pressure is on…
