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Home Politics

Did Gold Hit a 7-Week High Because of Nancy Pelosi?

by JD Rucker
August 2, 2022
in Politics
Gold Bullion

The price of gold hit a 7-week high today. According to Bloomberg, Speaker of the House Nancy Pelosi is part of the reason.

A rally in gold stalled near a four-week high as investors braced for a stormy period in US-China relations with House Speaker Nancy Pelosi in Taiwan.

Spot gold fell less than 1% on Tuesday after earlier climbing above $1,788 an ounce. The precious metal often benefits from bouts of geopolitical turbulence and Pelosi’s trip adds to tailwinds that helped gold rebound from a 15-month low. Gold rose in anticipation of her visit, but gave back its gains after she landed as China announced military drills and missile tests.

Growing fears about the global economy have aided bullion’s recent advance. Also helping: an end of outflows from gold-backed exchange traded funds after 21 days of uninterrupted withdrawals, according to Commerzbank AG analyst Carsten Fritsch. While ETF holdings were reduced by 94 tons in July — the biggest monthly outflow since March 2021 — investor sentiment may be shifting, he added.

IRA BERSHATSKY LOVES AMERICA – Most precious metals companies are run by wokesters. Ira’s is not. He is unabashedly AMERICA FIRST and can help you move wealth or retirement to physical precious metals with a gold or silver IRA, or just get metals discreetly shipped to your door. Contact him now.

We have seen a sharp rise in the number of people inquiring about gold and silver bullion, both for physical precious metals delivered to homes as well as gold and Silver IRAs. Economic uncertainty is stirring enough, but what if the trends continue and we remain in a protracted recession? What if the markets do not stabilize? What if the U.S. dollar gets more threats from other currencies, not to mention the burgeoning Central Bank Digital Currencies?

These questions that many are asking are fueling the rise in gold. Those who believe economic recovery is around the corner may want to wait. Those who believe the economic challenges will continue may want to contact us about their investments, wealth, or retirement.

The Biden Regime and Globalists Don’t Want You Owning Precious Metals

Look around. Things aren’t the way they should be. Between Pandemic Panic Theater, Ukraine, food shortages, and a push for Central Bank Digital Currencies, everything you’ve spent your life building and protecting is in jeopardy.

Precious metals are historically the most reliable and safest hedge against economic turmoil. With the Biden regime and globalists enhancing the chaos, it’s important for patriotic Americans to take control of their financial future.

Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.

Fill out the form here and we will schedule a precious metals consultation with Our Gold Guy, Ira.

Schedule a Precious Metals Consultation Today:

Tags: EconomyGoldLedeNancy PelosiTop Story


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