A prominent boutique investment firm in Toronto, Maison Placements Canada, is cautioning investors about the looming global threats and suggesting that gold could serve as a valuable asset in the months and years ahead.
In his recent research report, John Ing, the president, and CEO of Maison Placements Canada, anticipates a rally in gold prices to $2,200 per ounce. Ing attributes this optimism to the culmination of factors such as mounting inflation, de-dollarization, heightened geopolitical risks, global debt, and the rise in populism, creating a favorable backdrop for gold as a safe-haven asset.
Ing emphasizes that a significant global economic threat stems from escalating debt issues in the United States. He notes that since 2008, the supply of Treasuries has surged five-fold, surpassing $25 trillion. The fiscal year has witnessed a surge in deficit spending, reaching $1.7 trillion, pushing the U.S. debt past $33 trillion. Ing warns of an impending “debt reckoning” for America.
Despite the growing threat, Ing observes that the U.S. government continues its record spending, particularly in the push for a transition to green energy to meet global carbon dioxide reduction targets. He characterizes this transition as a challenging “black hole” from which escape is nearly impossible. Ing criticizes President Joe Biden’s Green Deal, describing it as something between a mirage and a boondoggle due to challenges like high interest rates, permit delays, and supply problems.
Ing underscores that the colossal U.S. debt makes it difficult for the country to maintain stability in the face of two major conflicts, highlighting the dwindling military arsenal and the high cost of arming itself. He attributes the overconfidence of the American economy to arrogance and complacency, contrasting it with the strength that led the U.S. to victory in the Cold War.
Moreover, Ing points out that America’s massive debt is negatively impacting the U.S. dollar, as the trend of deglobalization prompts nations to diversify away from the greenback. He expresses concern that the biggest threat to the dollar comes from the U.S. government itself, labeling the burden of debt as America’s Achilles heel.
Ing predicts a continued selloff in bond markets, with investors reluctant to expose themselves to more U.S. debt. He describes the meltdown in Treasuries as among the worst in history, with significant declines in both 10-year and 30-year bonds. Ing concludes by asserting that, in this challenging environment, gold remains an attractive buying opportunity, offering investors a means to preserve their capital.
Article generated from corporate media reports.
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
