In a recent episode of GoudKoorts, presented by Gold Republic, Bart discusses the current economic situation and the impact on gold and silver. The episode starts with a look at the gold and silver prices, which stand at €57,800 and €697 per kilo respectively.
ECB raises interest rates, unions want wage increases
First of all, Bart discusses the recent decision of the European Central Bank (ECB) to increase interest rates to 4%. He emphasizes the impact of years of low interest rates on the economy.
Bart suggests that the debt burden should be reduced and governments should take fiscal measures to rebalance the economy. He sees the reintroduction of the gold standard as a possible solution.
He also discusses inflation. Trade unions, such as CNV, are calling for a 10% wage increase to compensate for the loss of purchasing power. Brands warns of a wage-price spiral and suggests that central banks could cut interest rates again if stagflation threatens.
Finally, he announces that prizes will be given away to the viewers. He concludes by saying that they will treat again when they reach 30,000 subscribers.
The possible effect on the gold price
The above developments are a possible sign of financial chaos. One of the asset classes that investors often look to as a safe haven in such economically uncertain times is gold. It is therefore interesting to investigate gold as a possible part of an investment portfolio.
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2023-09-17 19:31:54
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