Money & Markets Report: March 3, 2022

Theme: Meet the New War – Risk ON

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257 Comments

  1. Dear Catherine, years ago you said(if I remember correctly) that the price of gold would not reach $2K. There would be war before that happened. I see gold closed over $1900 today. What do you think will happen if gold closes in on $2K now?

    2. Yes, but that was if it reached in way back when. We have had very significant currency debasement since then in a more gradual way. I don’t think it will mean anything when it closes over $2,000 now. The moves on crypto are likely to run it up some more from where it is now.

      1. Thank you.

        I was trying to gauge the currency/oil card/ gold price/ inflation/ politics of the coming election against a possible hot war. Of course the Midianites feature in heavily. I suppose we will continue to slow burn.

        Unless?!

    3. On July 26, 2020, it hit $2036.58. I do not know if or when Catherine said that, There are those who say it will hit $86,000 or more sometime. But the most reliable person who says that warns that it does not mean anything, and he will not pick a date. The reason it will not mean anything is because the value of gold will not have gone up, but the value of the dollar will have gone down. As it has, mainly since 1971, when it was $35/ounce. So if you own physical gold in your possession, it may preserve your purchasing power, but you will not be rich in any sense. And you better find a way to protect it.

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