[New post] Joseph Brown: Don’t Buy Paper Gold (ETF), Fed on Tightening, Tapping Oil Reserve, Yield Curve Signals Incoming Recession
User ID posted: " ANOTHER Reason to Never Buy a Gold ETF https://www.youtube.com/watch?v=vkQSzyC7eUc ANOTHER Reason to Never Buy a Gold ETF by Heresy Financial You probably didn't need another reason to stay away from gold-backed ETFs. But just in case, here is ano"
You probably didn't need another reason to stay away from gold-backed ETFs. But just in case, here is another reason: taxes. Instead of getting taxed at the regular long-term capital gains max tax of 20%, gold backed ETF's get taxed as a collectible at 28%. There are many better alternatives to exposure to the price of gold in your investing accounts than using these funds.
Why the Fed is Jawboning about Aggressive Tightening
The Fed has become very aggressive lately in its words about inflation, interest rates and their Balance sheet. However this has not, at least yet, been backed up by aggressive action. despite the highest inflation in 40 years, interest rates have only moved up by one quarter-percent hike. So why is there so much talk and so little walk?
THIS is the Exact Moment to Sell ALL Your Stocks
Many are wondering whether they should keep or sell their stocks given recent performance and record high inflation. There is a time coming though when many will feel it is safe to buy back in and hold stocks, while the reality is the opposite. In the fallout of the next crash, the fed will likely buy stocks held in special purpose vehicles at the treasury, and this is the moment to sell.
The "Great Resignation" is Growing Stronger
People are still quitting their jobs left and right. Companies are still trying to hire like they can't get enough. And the fed is being backed into a corner with aggressive tightening. Due to this, the yield curve has started to invert, meaning a recession is almost inevitable.
Does it Matter if Oil is Not Priced in Dollars Anymore?
There is a categorical difference between using a currency to pay for something and using a currency to price something. If you are using gold or bitcoin to pay for something, it makes little difference if that item is priced in dollars. Given all the volatility in the world right now and everyone wondering if the global trend to de-dollarization will continue, this is the fundamental distinction to watch out for. Once something is priced in a different currency, watch out.
Biden to Drain Strategic Oil Reserves to Fight Inflation
Inflation as measured by PCE hit a fresh record in March which pushes the Fed even further into a bind as they need to fight inflation, especially given the jobs numbers right now. In a move to combat rising prices, Biden will be releasing 1 million barrels of oil per day from the strategic reserves. This put short term pressure on the price of oil but it is yet to be seen the long term impact.
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Yield Curve Screaming Recession, Stocks Don't Care
The yield curve officially inverted. Stocks are starting an epic rally. Miners could be one of the best opportunities of the decade and I want to help make you extremely wealthy.
I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.
Disclaimer: This article is solely for informational purposes only and it should not be construed as a solicitation or offer to buy or sell on any financial securities/instruments, etc. nor anyone should take the content as an investment advise, any opinion expressed in this article are subject to change without prior notice, eurymanthus.wordpress.com and its author is under no obligation to keep current of the information herein and accepts no liabilities for any gains, losses of any kind arising from any of the material presented on any post/s and/or article/s published.
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