The American middle class is gone; whoever controls the largest middle-class demographic controls the world, and that will be Asia in about 5-7 years.
Now, for the first time since 2013, not a single central bank is hiking rates (as shown in the graph above), but the retail crowd is very confident that TrumpConomics works, no matter what. Gold’s rally has, therefore, been driven by institutions, not by your neighbor or your fellow Americans. In fact, in 2016, 9-times more physical gold was purchased than in 2019. Here’s the kicker: people are mostly selling back to their bullion dealers.
I expect August to be a rough month for all sectors, so get some cash and be ready to capitalize!