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The price of gold hit a 7-week high today. According to Bloomberg, Speaker of the House Nancy Pelosi is part of the reason.
A rally in gold stalled near a four-week high as investors braced for a stormy period in US-China relations with House Speaker Nancy Pelosi in Taiwan.
Spot gold fell less than 1% on Tuesday after earlier climbing above $1,788 an ounce. The precious metal often benefits from bouts of geopolitical turbulence and Pelosi’s trip adds to tailwinds that helped gold rebound from a 15-month low. Gold rose in anticipation of her visit, but gave back its gains after she landed as China announced military drills and missile tests.
Growing fears about the global economy have aided bullion’s recent advance. Also helping: an end of outflows from gold-backed exchange traded funds after 21 days of uninterrupted withdrawals, according to Commerzbank AG analyst Carsten Fritsch. While ETF holdings were reduced by 94 tons in July — the biggest monthly outflow since March 2021 — investor sentiment may be shifting, he added.
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We have seen a sharp rise in the number of people inquiring about gold and silver bullion, both for physical precious metals delivered to homes as well as gold and Silver IRAs. Economic uncertainty is stirring enough, but what if the trends continue and we remain in a protracted recession? What if the markets do not stabilize? What if the U.S. dollar gets more threats from other currencies, not to mention the burgeoning Central Bank Digital Currencies?
These questions that many are asking are fueling the rise in gold. Those who believe economic recovery is around the corner may want to wait. Those who believe the economic challenges will continue may want to contact Goldco about their investments, wealth, or retirement.
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We just launched a new GiveSendGo page. We also have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!