Tom Cloud discusses why it is important to protect wealth as the U.S. Government moves into a “Debt-Super Cycle.” Also, Tom mentioned that the precious metals prices have gone up as the U.S. Dollar has declined. Thus, the direction of gold and silver prices is based on the U.S. Dollar.
Tom also explains why well-known hedge fund manager, Ray Dalio, is deeply concerned about the U.S. Government Debt-Super Cycle. U.S. Government Debt has increased by $1.1 trillion in just the past six weeks. That’s an extra $22 billion a year of Interest Expense based on just a 2% interest rate. It is likely higher than that.
I will put out a new Silver Member post tomorrow on how Gold & Silver Prices have been trading against the U.S. Dollar and what the technicals say.
You can contact Tom, Dan, or Katherine… Click here: CLOUD HARD ASSETS. You can also call (800) 247-2812.
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Ray Dalio or other legendary investors are worth listening to, but most investing individuals are not in their league, and the applicability of a billionaires investing advice may not be appropriate.
Great to be wealthy enough to be able to spread investments over more than a dozen asset classes (I guess).
For most people, their guiding principle should be to keep it as simple as possible.
Cloud Hard Assets is an incredible precious metals dealer.
Starting about the 6:20 minute mark, he mentions in September 2022 the dollar topped out at 123, and has declined from there.
He’s confused the dollar index [DXY] with the gold to silver ratio, so the cited percentage declines in the ensuing discussion are off. In September 2022, the dollar index topped out at around 114, not 123.
*The gold to silver ratio topped out about 123 in mid March 2020.