Inflation hit another 13-year high, expect $2k gold price by year-end if things don't change
Thanks! Share it with your friends!
Watch Kitco NEWS Video: Inflation hit another 13-year high, expect $2k gold price by year-end if things don't change. The U.S. Consumer Price Index (CPI) rose 0.9% in June, after a 0.6% rise in May. Year-on-year, headline inflation is now at 5.4%.
Will Rhind, CEO of GraniteShares, said that gold, being an inflation hedge, can continue to rise if inflation does not cool off later this year.
"I think if we start to see inflation numbers high or elevated after the summer, when everybody gets back from vacations, September time, I think we can easily see [$2,000 gold] before the end of the year," Rhind told David Lin, anchor for Kitco News.
0:00 – Headline CPI rose to 5.4%
2:30 – What is an inflation hedge?
3:47 – Lumber has wiped out 2021 gains
8:27 – Gold responds to more than just inflation
11:34 – Gold is still undervalued
16:02 – Bitcoin vs inflation?
19:12 – Stocks vs inflation
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Bitcoin and other crypto news, prices and info. Can gold coins really be legal tender? New all-time price high this year is 'possible'. BREAKING: Inflation Just Hit 40 Year High!!!. Inflation Hits 40 Year High!. Inflation Hits 40 Year High!!. BREAKING NEWS: Inflation Just Hit A 30 Year High. Inflation Reaches 40-Year High of 8.5%, Can Crypto Help?. Fed's Preferred Inflation Gauge Hits 40-Year High at 6.4%. BREAKING NEWS: Inflation Hits 13 Year High. US Inflation Hits New 40-Year High at 7.9%, What That Means for Crypto. The Next Wave Down is COMING... Q2 Earnings, CPI (Inflation) Data, & US Dollar (DXY) at 20 Year High. Inflation at 40-year high, Bored Ape NFT sold for $3K, gift BTC on Cash App | The Crypto Minute. Inflation returns to 13-year high, stocks overdue for ‘fairly significant drawdown’ - Ted Oakley.
Best Blockchain Games - Play and Earn!
Related Videos
-
Can gold coins really be legal tender? New all-time price high this year is 'possible'
Added 26 Views / 0 LikesThe state of Arkansas has recently signed legislation that removes sales taxes on gold, silver, platinum, and palladium bullion and coins. The move has been lauded as making it easier to use these coins as money in the state. "Including Arkansas, 40 U.S. states now fully or partially exempt gold and silver from the sales taxes. That leaves ten states and the District of Columbia as the primary jurisdictions that still harshly penalize citizens seeking
-
BREAKING: Inflation Just Hit 40 Year High!!!
Added 11 Views / 0 LikesSoFi is the exclusive partner app of The Best Business Show. Visit https://sofi.com/pomp for more info and start investing today Subscribe to the NEW Best Business Show Live Channel. This channel will be only be clips from the show only going forward https://www.youtube.com/channel/UCgE46TG0RwAkaolFgH-MTYg The Best Business Show Is LIVE 11AM-1PM EST Monday - Friday discussing Bitcoin, Finance, Crypto & everything in between. Check out our Store! https
-
Inflation Hits 40 Year High!
Added 12 Views / 0 LikesIt feels like I write this headline on inflation every month. Thoughts? SoFi is the exclusive partner app of The Best Business Show. Visit https://sofi.com/pomp for more info and start investing today Subscribe to the NEW Best Business Show Live Channel. This channel will only be clips from the show only going forward https://www.youtube.com/channel/UCgE46TG0RwAkaolFgH-MTYg The Best Business Show Is LIVE 11AM-1PM EST Monday - Friday discussing Bitcoin
-
Inflation Hits 40 Year High!!
Added 9 Views / 0 LikesUse Bitcoin and other altcoins to bet on sports, casino games, horse racing, poker and more at BetOnline.ag. Using crypto at BetOnline is fast, secure and transaction free. Visit https://promotions.betonline.ag/pomp and use PROMO CODE: POMP100 to receive a 100% matching bonus on your first crypto deposit. Subscribe to the NEW Best Business Show Live Channel. This channel will be only be clips from the show only going forward https://www.youtube.c
-
BREAKING NEWS: Inflation Just Hit A 30 Year High
Added 18 Views / 0 LikesInflation is ruining a lot of people's lives. How is it affecting you? Let us know in the comments. SoFi is the exclusive partner app of The Best Business Show. Visit https://sofi.com/pomp for more info and start investing today The Best Business Show Is LIVE 11AM-1PM EST Monday - Friday discussing Bitcoin, Finance, Crypto & everything in between. Check out our Store! https://thebestbusinessshow.com/ Pomp writes a daily letter to over 185,000 investor
-
Inflation Reaches 40-Year High of 8.5%, Can Crypto Help?
Added 20 Views / 0 LikesThe inflation rate in the U.S. have yet again reached a 40-year high of 8.5% amid geopolitical uncertainty. “The Hash” group discusses whether or not bitcoin can be used as an inflation hedge and its steady price action following the Consumer Price Index (CPI) announcement. #Crypto #EconomicInflation #CryptoNews Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 Site: https://www.coindesk.com Twitter: https://ww
-
Fed's Preferred Inflation Gauge Hits 40-Year High at 6.4%
Added 45 Views / 0 LikesThe Federal Reserve’s preferred inflation gauge showed that rates rose 6.4% in February, the highest pace since 1982. “The Hash” group discusses the impact high inflation has on everyday consumers and their savings while noting cryptocurrency’s role as an alternative to the traditional financial system. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 S
-
BREAKING NEWS: Inflation Hits 13 Year High
Added 22 Views / 0 LikesThe CPI index is as high as it was during the financial crisis. That is insane SoFi is the exclusive partner app of The Best Business Show. Visit https://sofi.com/pomp for more info and start investing today The Best Business Show Is LIVE 11AM-1PM EST Monday - Friday discussing Bitcoin, Finance, Crypto & everything in between. Check out our Store! https://thebestbusinessshow.com/ Pomp writes a daily letter to over 185,000 investors about business, tec
-
Popular
US Inflation Hits New 40-Year High at 7.9%, What That Means for Crypto
Added 155 Views / 0 Likes3iQ Digital Assets President Chris Matta shares his update on the current state of the crypto markets as inflation rates reach 7.9%, a level not seen since the 1980s. Plus, a conversation on institutional investors like Goldman Sachs looking for ways to engage with cryptocurrency and venture capital interest in Web 3 initiatives.
-
The Next Wave Down is COMING... Q2 Earnings, CPI (Inflation) Data, & US Dollar (DXY) at 20 Year High
Added 2 Views / 0 Likes💰📈 My Complete Portfolio + Daily Newsletter. This gains you access to a complete list of every single position/ trade in my personal portfolio as well as the private newsletter I write every morning. ($15/mo) - https://roycejakob.teachable.com/courses 👾💎 WAVE$ Exclusive Discord Group Monthly Subscription ($10/mo) - https://royce-jakob.teachable.com/p/wave-exclusive-discord 🥷🏼📸 Instagram: https://www.instagram.com/roycejakob/ 📲 📈 App I use to invest in
-
Inflation at 40-year high, Bored Ape NFT sold for $3K, gift BTC on Cash App | The Crypto Minute
Added 12 Views / 0 LikesThe Crypto Minute is your weekly crypto news rundown in just 60 seconds! Subscribe to Cointelegraph Markets Pro: https://pro.cointelegraph.com Want to join the Cointelegraph team? Check out https://cointelegraph.com/careers. #Cointelegraph #Bitcoin #CryptoMarkets Subscribe to Cointelegraph: https://goo.gl/JhmfdU Follow COINTELEGRAPH: Website: https://cointelegraph.com/ Telegram: https://t.me/cointelegraph Facebook: https://www.facebook.com/cointelegra
-
Inflation returns to 13-year high, stocks overdue for ‘fairly significant drawdown’ - Ted Oakley
Added 35 Views / 0 LikesHeadline CPI inflation is now back at 5.4%, up from 5.3% in August, according to data released Wednesday. Ted Oakley, founder and partner of Oxbow Advisors, told David Lin, anchor for Kitco News, that a diversity of hard assets is required to properly hedge against higher consumer prices. 0:00 - Inflation level 5:13 - Inflation hedge 9:03 - Asset allocation 12:13 - Real interest rates 15:10 - Capital gains tax increase 17:40 - Global growth 22:35 - St
