Good Morning. Today is August 12, 2023.

This is Bullion Baron, the weekly precious metals newsletter that delivers more fire than a birthday cake.

Here’s what we got for you today:

1. US Inflation Update

2. Worry Over Chinese Attack Grows

3. Key Countries Bought Gold in July

The Baron's Investment Forecast

Link to forecast methodology.

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US Inflation Slowdown Stalls

The US Federal Reserve has a target inflation rate of 2%. The actual rate of inflation remains far above that point. Several key indicators, including rent and car insurance, continue to increase every month.

Because of key indicators, experts predict at least one more rate hike to interest.

The story is here.

Smart investors continue to prepare for the worst, buying alternative commodities like precious metals.

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Another Week, Another Tail of Escalating Conflict.

Lloyd’s of London sees a real risk that China will engage in conflict with Taiwan. This concern has lead underwriters to raise rates and cut coverage. That story is here.

BB’s motto: Strategic holdings in gold make sense.

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IMF Data Shows Key Countries are Buying Gold

The IMF released a report that in July, Poland, Turkey and Czechia bought gold. That story is here. 

The smart money investors continue to hedge their investments with precious metals and not rely heavily on any one market.

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Do you remember when?

Here's a little 1980's nostalgia:

“Clap On! Clap Off! The Clapper!”

-The Clapper

On this day in history:

1877: Thomas Edison records himself on a phonograph reciting “Mary had a little lamb”.

1898: Peace Protocols signed which officially ends the Spanish-American war.

1908: First Model T built by Ford.

1914: France and Great Britain declare war on Austria-Hungary.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.