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Inflation remains high - counter it with gold

(PresseBox) (Herisau, )
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A recession is not necessary to bring the inflation rate back down.

According to Arthur Laffer, former economic advisor to Ronald Reagan and Donald Trump, tax cuts and tight money are needed to tame inflation. This would increase the supply of goods and services. A recession would not be necessary. If taxes are lowered, then people and companies can produce more, which in turn then lowers prices - and lowers inflation. What the Fed is doing, Laffer said, is "they don't know what they're doing." Today, central banks are raising interest rates and selling assets in an effort to suppress inflation.

Opinions are divided, with some believing that a recession is inevitable and others that it is avoidable. Low inflation may well be associated with an economic upswing. The 1920s serve as an example, when significant tax cuts were implemented, and a great economic boom followed. Inflation was also eliminated under Reagan and the economy boomed tremendously. Laffer even recommends imposing a flat 13 percent tax on corporate profits and personal income while eliminating all other taxes. Then the "economy would take off." The Bank of Canada just raised its key interest rate by 100 basis points. This big move caused a stir. According to Laffer, this should lead to a recession, so we'll see. Whatever theories one may believe, in order to beat inflation, it is worthwhile to invest in gold as a means of preserving value, for example in the stocks of CanaGold Resources or Tudor Gold.

CanaGold Resources - https://www.youtube.com/watch?v=470uITYna_E - owns 100 percent of the flagship New Polaris project in British Columbia. Drilling has returned up to just over 37 grams of gold per tonne of rock. The company continues to generate shareholder value through the sale or option of the smaller non-core properties.

Tudor Gold - https://www.youtube.com/watch?v=HzraSqtoTNA - owns the Treaty Creek flagship project (gold and copper) in British Columbia's Golden Triangle. Exploration work is in full swing.

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.