64 Is now a good time to invest in precious metals?Why? There is no better time than the present. December of 2022 saw a huge sell-off on Wall Street and we face very uncertain markets as we enter the first quarter of 2023. I've been padding my holdings each month as well as slowly moving money out of equities and into cash and precious metals. The year-over-year inflation numbers are the largest reason I point to precious metals investments being a wise choice. In November 2022, we saw a 7.1% rise year-overyear, according to the consumer price index. When inflation rises, the value of your money falls, and you'll need more of it to enjoy the same lifestyle and luxuries that you currently have. We can point to a World Gold Council study dating to 1971 that shows us the price of gold has gone up by an average of 15% on a year-over-year basis when inflation has been higher than 3%. Further, when the CPI goes north of 5%, gold increased its price by up to 25%. How is the interest rates hike impacting this? Interest rate hikes are meant to strengthen the dollar, which traditionally will drive the price of gold down. However, we're in a volatile market and seeing factors such as leadership changes, a post-pandemic economy, awar, and a looming recession all come into play. Not to mention the real driver of the price of gold is supply and demand. TRAVEL & LIFESTYLE The year-over-year inflation numbers are the largest reason I point to precious metals investments being a wise choice. “
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