We are joined on Metal Money by Gary Wagner, CEO of TheGoldForecast.com. With the inflation genie out of the bottle now, Gary sees heightened uncertainty in the market right now - too many 'ifs' as he called it. This global inflationary narrative will be positive for gold and silver prices.
The Federal Open Market Committee has announced a doubling in the pace of asset tapering on Wednesday.
The Dot Plots indicate that there will be an average of three rate hikes in 2022, three more in 2023, and two in 2024, all in increments of 25 basis points.
The Gold Forecast's Gary Wagner joins us LIVE at 9pm ET to discuss the impact of the new inflation data showing the highest year-over-year price increase in nearly 40 years!
This upcoming Thanksgiving will be the most expensive ever, and inflation will continue to be a serious concern for investors, said Gary Wagner, editor of TheGoldForecast.com who advocates that gold is still the ultimate store of wealth.
We are joined on Metal Money by Gary Wagner, CEO of TheGoldForecast.com. Gary highlights how the conventional positive correlation in gold and silver prices has turned somewhat more negative in recent weeks and what this means for precious metals ahead.
Gary Wagner, editor of TheGoldForecast.com, discusses with David Lin, anchor for Kitco News, the primary drivers behind the gold and silver price, and the likelihood of a U.S. debt default this year.
The Federal Reserve was really more dovish than hawkish, said Gary Wagner, editor of TheGoldForecast.com. Speaking to David Lin, anchor for Kitco News, Wagner said that the key takeaway from the Jackson Hole Symposium is that the Fed has not explicitly announced by how much they plan to taper.
Gold and stocks normally move inversely, but both rallied on Friday. Even though there may be a taper by the end of the year, the Fed is flooding the country with currency, says Gary Wagner. Money printing pushes all markets up in tandem. We've never seen money printing like this. "This is an experiment," he says.
Gary Wagner, editor of TheGoldForecast.com, discusses with David Lin, anchor for Kitco News, the pressure to taper that the Federal Reserve will be grappling with at the next Jackson Hole Symposium in late August. Wagner talks impacts on the dollar, interest rates, and gold.
