'Tis Only My Opinion!^™

April  2024 - Volume 41, Number 4

Something is about to break ....

During the last quarter, we have seen the price of gold & silver move steadily higher while the federal debt of the U.S. continues to grow at rates never seen before.

The following gold charts illustrates that the recent momentum of gold does not bode well for a currency based upon the full-faith and credit of the United States.

The following charts of the U.S. dollar index illustrates the risk.

Not only is the fiat dollar in trouble but the prices of agricultural commodities suggests that the agriculture sector will have very difficult times going into the new crop year. 

Most investors do not understand the importance of the food industry to the economy.

Farm loans are difficult to find and rates are almost double from last year if your can find them.  Operating expenses are up between 10 & 15% for seed, fertilizer, nitrogen, taxes and fuel.

With the recent disaster of the Baltimore bridge collapse along with the tidal wave of illegal immigrants that the Biden administration has allowed into the country, it is not a surprise that something is about to break loose in the world of finance.

The Federal Reserve will probably not decrease the interest rate until later this year. However, the federal deficit will continue to discover new heights.

The U.S. military is stretched thin, weapon stockpiles are depleted and around the global tensions are rising.  Take your pick of scenarios ... none of them are good.

Which will be the shoe to drop first, .... take your pick ... but preparation should be your number one priority.

But then - 'Tis Only My Opinion!

Remember to:

Keep It Safe, Simple and Stay Focused!

Fred Richards
April 1, 2024

www.adrich.com
www.strategicinvesting.com

Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] -- Tacitus, Annals III 27

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