Good Morning. Today is August 5, 2023.

This is Bullion Baron, the weekly precious metals newsletter that powers you to victory.

Here’s what we got for you today:

1. US Credit Rating Plummets

2. Niger Coup Threatens Nuclear Power in France

3. Archer Testimony Reveals Deep Systemic Flaw

The Baron's Investment Forecast

Link to forecast methodology.

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Fitch Downgrades US Credit Rating

The US credit rating has been downgraded for the first time since 2011. That story is here.

The US Treasure is balking, but Fitch cites to mounting debt and political divisions. Fitch has a point.

If the US cannot control her debts, the looming recession becomes more of a practical reality.

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

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Another Week, Another Tail of Supply Chain Instability

France is reliant on uranium exports from West Africa, and in particular Niger. The coup in Niger is threatening France’s access to this export. The story is here.

Global instability continues to mount every week. Last week, wheat prices soared after an attack in Ukraine. This week, concerns are mounting in France.

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

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The US System of Government is Under Attack

The Biden administration is reeling in the wake of the recent Archer Testimony. That story is here.

What this story shows it what most smart investors already know, the system is rigged, and politicians are greedy.

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 1950's nostalgia:

“Swing to Beech-Nut”

-Beech-Nut Gum

On this day in history:

1926: Harry Houdini stays underwater in an airtight coffin for about 90 minutes. It will be Houdini’s last public performance.

1930: Neil Armstrong is born.

1964: President Lyndon Johnson puts forth the Gulf of Tonkin Resolution to Congress, which will serve as the principal constitutional power for US Military involvement in the Vietnam War.

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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.