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    Gold price tanks 2% as Fed may be 'near the peak of its interest rate hikes' – Axel Merk



    Axel Merk, CIO and Founder of Merk Investments, discusses the recent gold price fluctuations, and broader macroeconomic trends with David Lin, Anchor and Producer at Kitco News.

    Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
    Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
    Follow Axel Merk on Twitter: @AxelMerk (https://twitter.com/AxelMerk)

    0:00 – Gold’s selloff
    2:11 – The U.S. dollar
    3:44 – Gold and equities
    4:44 – Recession outlook
    10:40 – Fed policy and inflation
    13:08 – Fiscal policy
    18:00 – Labour market conditions
    23:56 – Stagflation ETF
    25:23 – Gold price forecast

    #gold #inflation #biden
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    View 44 Comments

    44 Comments

    6. Chris Broguiere on

      America has become lazy. All the free money and all the bailouts nobody wants to go back to work. The Biden administration is feeding the sheep scraps. Just enough to keep them confused long enough to get whatever it is they want to get done, done. Which is tear down the US economy and build this new "liberal world order" economy. Yeah I know, I'm being a conspiracy theorist. Blah blah blah.

    7. Cory West on

      5:30 actually, this is the second quarter contractions AND the US has high unemployment when you look at the work force participation rates – you can see that the percentage of Americans in the work force has fallen several percentage points since Jan 2021.
      Don't just look at the number of people on unemployment or the app numbers because this are deceiving as the unemployment rolls decrease when the persons unemployment eligibility has run out and they remain unemployed – just not eligible anymore; plus there are people who are not covered by unemployment such as contracted individuals, self employed, and fed gov workers.
      So, in short, the US economy IS in recession when you take in to account multiple factors with real numbers; avoiding manipulated stats such as unemployment.

    9. Cory West on

      5:45 ok, let's use the "neighbor & you" recession/depression theory from the US stand point.
      Neighbors: Any country that trades with US and/or uses US dollar in their reserves.
      -Sri Lanka: "lost their job" – defaulted on payment recently, unable to receive oil/fuel shipments, restructured farming and farming input usage and is now experiencing food shortages. Along with inflation
      -Netherlands: restructured farming and farming input usage and is now experiencing food shortages. Netherlands is approx #2 in food exports to EU! Along with inflation woes.
      -UK: experiencing inflation issues, employment issues, goods and services shortages.
      Ya know….looking at all the countries the US is directly connected to and are having economic issues, I think a list of "who ISNT experiencing issues" would be much shorter!! Here we go:
      #1…..
      And done!
      In short, America IS in recession and will be in depression before years end based on the world economic, political, and resource woes.
      God be with all of us as we face extremely hard times 🙏

    10. James on

      There is so much talk about recession that I doubt if that will any.every body has a jobb and central. banks have printed lots of notes so salaries are just a bonanza

    11. aleesa rafiq on

      No it's not the right time to buy silver.
      As you continue to remind us ; as does Jeff Christian that silver is just another commodity.

      So just as oil was crushed in the derivatives markets to NEGATIVE forty dollars, they can crush silver back to $5 per ounce.

      I don't and never have considered silver as a commodity but more as REAL MONEY , on par with gold at a ratio of 15:1 as opposed to the manipulated ratio of 90:1 .
      Hence I continue to stack physical silver in my own possession.

      I see a crash in the stocks and derivatives markets over the next couple of months with massive QE by the fall of this year.
      I also see silver at over $240 per ounce within the next 18 months.

      Either you believe that the current debt based currency system will survive in its present form or you don't.

      I for one can see all governments going back to a monetary system backed by gold and silver, not by choice but by force, as the BRICS nations strengthen their currencies.

      Unfortunately the BRICS nations have been boosting their gold reserves since 2008 , whilst the western nations have been complacent.

    13. phil durre on

      Gold is crashing because the euro is crashing. The crashing euro makes the dollar go up and pc algorithms the. sell gold for no actual reason than the longterm dollar/gold relation

    15. Dale Miller on

      EVERYTHING IS FOOKING ,,, RIGGED . Its that simple .Elections , world monetary systems,,, housing , FOOD SUPPLY , PLANDEMICS, EDUCATION HEALTH CARE ,,, YOU NAME IT IS RIGGED.

    16. jorgecarrillo2 on

      The FED will not stop raising Rates Until it totally obliterates Bitcoin and Cripto Currencies and forces overvalued companies, zombi franchises to go down and start from scratch. USA is simply TOO OVERVALUED and Cant afford to keep those insane Commercial Defficits.

    19. robert thomas on

      this guy wants more immigration.. there are plenty of people who refuse to work because they are stimmy checks still being thrown around. Get rid of the stimmy and close border.

    20. Tom Scheuermann on

      This is why the fed is destined to make a ton of mistakes…..monetary policy has lag, sometimes over a year. So at any given time there is no way to know exactly where everything is or where it's going.

    30. Patrick on

      Gold “tanks” 2%? Gold was at an all-time high against the dollar in March, 2022. And this speaker is right: The purchasing power of gold has been steady since biblical times. It’s fiat currency whose value has constantly devalued with respect to gold. Case in point: Since the creation of the Federal Reserve, whose stated mission is to “defend the dollar”, the dollar has devalued about 97%.
      So don’t be fooled when the dollar regains a fraction of its value against gold.

    31. Michelle Brown on

      most people think….. investing in crypto is all about buying coin and leave it to rise, common it's takes much analysis to be a successful crypto trader.

    35. c00121314brave on

      Any thought if pressure on pm prices lately has anything to do with the Ugandan claims of late to having discovered basically as much gold in their country as total supply above ground gold globally. I smell bre x 2 point O or else we all screwed lol accept china who get to mine it and keep it lol..

    36. chengs group25 on

      keep stacking , 5000 years cant be wrong….once u retire, sell few onces a year …. no need worry about bank , fees, 401, fed, gov etc…..

    39. Joe Blowe on

      "Price of gold will be doing 'just fine' ". At least the strudel head didn't stick his neck out and give some inflated number that isn't likely to come true.

    40. ptibobs on

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    42. Kennedy Dry on

      Should we expect this low level to go on this summer ?
      A relative of mine finaly admited it would be reasonable to secure part of his savings in gold. But unfortunately he won't be able to act before september.

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