Why aren’t Interest Rates Stopping Gold?

In this video, we look at interest rates and why gold seems to be unaffected by them being higher for longer. When gold reached a new all-time high in December of 2023, the catalyst was a Fed board member commenting about future rate cuts. Since then, gold prices have set numerous new records in 2024. But as the odds of multiple rate cuts decreased, why didn’t gold prices follow suit? In fact, after the Fed’s meeting in June predicted just one rate cut in 2024, gold continued to soar and reached another all-time high just this week.
To understand the strong gold rally, we must look at other variables that affect gold prices. War, geopolitics, inflation, and central banks buying habits are just a few factors to consider. For example, the People’s Bank of China (PBOC) started buying massive amounts of gold after the U.S. imposed sanctions on Russia due to their invasion of Ukraine. The PBOC’s increased spending on gold has buoyed gold prices despite high interest rates in the United States. However, the PBOC has paused gold buying, and the prices continue to set new ceilings. So, what exactly is driving gold prices, and how high will they go? #apmex #gold #preciousmetals
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[@PremSteve-yg4de]

Gold and Silver are "outside the system" savings accounts for me and only buy on huge dips like we have seen recently. Buying Gold and Silver keeps me from spending money on silly and unnecessary purchases. Holding physical Gold and Silver allows me to quickly pull in emergency needs and sell at my LCS and walk away with cash when needed. Not looking for it to moon and get rich off the purchases

[@apmex]

Love this approach!

[@johnnyb3126]

The Fed sure is dragging this out as long as they can

[@MENSA.lady2]

The state of the US economy is so bad that no matter what the FED does gold investors will ignore the FED and continue to stockpile .

[@paulie9771]

I know I will !

[@RealityTrailers]

It's definitely fascinating to be physically alive during all this.

[@willh5061]

The BRICS consortium are stockpiling quietly, ultimately to sidestep the US Dollar with their own global currency the Unit. The Unit is based on a valuation of 40% gold and 60% a basket of their own currencies. Ultimately the dollar will have to devalue on the world stage to compete. Gold as it is valued in dollars will soar when this happens in dollar terms but remain stable to the Unit. My advice is to gently stack where you can, especially if your living costs are measured in dollars.

[@jadenephrite]

Regarding 3:00, the Chinese word for Gold is 金. The Chinese words for California are 金 山 which mean "Gold Mountain" attributed to the California Gold Rush from January 24, 1848.

[@jamessteele2825]

December gold- 2850. Silver 37 to 38

[@Carlos-wz7vm]

Very possible

[@UPdan]

Because the debt is unplayable, hence interest on nothing means nothing. Its already in default without the gold revaluation action penciled in as an equal balance to the currency debt.

[@V.stones]

Haven't you heard gold is the ultimate hedge against inflation

[@V.stones]

Investing in gold and silver seems like a good move, especially with the current uncertainty.

[@Sanchyfab]

Investing in gold and silver seems like a good move, especially with the current market uncertainty.

[@Sanchyfab]

If the U.S. expects countries to want to use the dollar and the U.S. Treasury we should stop weaponizing the current financial system. This is not in America's interest to do this without due process.

[@maxthefrenchie4685]

Gold will outperform a lot of assets right now.

[@paulorchard7960]

My bets on silver, its a long long way behind and will correct!😅

[@AMen-yw9cr]

It's rallied like mad over the past few years

[@silvercobra0923]

SILVER & GOLD..🤩🤩 RUN BABY RUN 🤩🤩

[@gingerkilkus]

Gold looks like it's going big this year. I really want to profit from it this year. I have about $40k I want to invest. My brain doesn't do very well in understanding these things. How do I go about it?

[@ghostmode9824]

If you ask for youtube advice you don't know what you doing. In fact its a wonder that you have that much money to begin with when you have a tendency of asking advice on youtube

[@AMen-yw9cr]

Gold is long haul and in physical form only, not short term

[@AlexandreMakavitch]

low drop of gold price were before Basel 3, now it no possible

[@Bluebird590]

Retail buyers especially the west gold spot price much higher

[@indivisibleman8596]

Because interest rates are not high enough to stop inflation

[@fffuu4444]

8,133 tonnes? 🥴😵‍💫

[@overrevkev3851]

Oh cool in 2005 all my wealth was in real estate, so I didn’t buy any

[@darwinjuarez1634]

If you have some savings part of it exchange for go and yuo are going to to be in a better position financially. 😊

[@sergiorodriguez2764]

A reset next year

[@qooguy]

China just started cutting rates across the board.

[@jesusfernandez6328]

I'm here just for......Fort Nox its empty !!! *leaves*

[@Dieselpwr]

Do not put faith in money or wealth instead put your faith in god

[@MarceltheDesigner]

Amen

[@goma12x]

Great video. I think this presidential election will create volitility. Now with Biden dropping out we will see more volitlity.