2024 Rate Cuts & Gold Prices: 2008 vs 2024 | The Gold Spot
The economy is kicking off the new year with record-setting #USdebt, surging living costs, and waning investor confidence. In its recent meeting, the Federal Reserve reiterated its plan to implement several rate cuts throughout the next year.
However, it cautioned that interest rates would likely remain elevated for most of the year. This policy reversal has many investors wondering how #goldprices would respond, especially given the precious metal’s strong performance last year.
If the #2008 #financialcrisis is any indication, investors can expect #gold and #silver prices to respond positively to the Fed's plan to slash rates. During the housing market crash, gold prices more than doubled in just three years.
Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Precious Metals Advisor Joe Elkjer and Sr. Precious Metals Advisor Steve Rand explain how the #2024 rate cuts could lead to higher gold and #silverprices based on historical data.
⭐ RELATED LINKS:
$34,000,000,000,000 US Debt Visualized: https://www.sbcgold.com/national-debt...
📊 Gold Price Predictions & Forecasts 2024: https://www.sbcgold.com/gold-price-fo...
Is Gold a Good Investment in 2024? 11 Compelling Reasons Why Gold Should Be a Good Investment in 2024: https://www.sbcgold.com/investing-101...
📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Get Gold and Silver Coin Prices:
https://www.sbcgold.com/buy-gold-and-...
👉 Get Gold & Silver Bullion Bar Prices:
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⭐ @sbcgold Advisors in this The Gold Spot video:
👤 Joe Elkjer, Precious Metals Advisor: https://www.sbcgold.com/about/joe-elk...
👤 Steve Rand, Sr. Precious Metals Advisor: https://www.sbcgold.com/about/steve-r...
Video Snippets:
0:00 - Welcome to The Gold Spot
0:13 -How Rate Cuts Impact Gold Prices
1:57 - US Debt Tops $34 Trillion
2:50 - Thanks for Watching!
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