Loading ...Agreed. They say the Fed’s rate hikes were harder and faster than anything from the past, 5.5% up in one year? And Gold is holding above $2,000/oz.
I remember the 1970s rate hikes. I think they went from around 5% to 21% before “it” finally worked and they started a deflation in Gold’s high of $800 in 1980 down to $250/oz around 2001.
After 9/11/01 the USD was too high and they had to lower it so I stopped working and started trading PMs. But this time, the US citizens and our system are not able to afford high rates like 20%.