Good Morning. Today is July 8, 2023.

This is Bullion Baron, the weekly precious metals newsletter packing more precious metals heat than a Dirty Harry flick.

Here’s what we got for you today:

1. World War Tensions - Iran

2. Gold Buying Update - Physical Gold

3. Markets react - Update

The Baron's Investment Forecast

Link to forecast methodology.

___________________________________________________________

Iran’s Failed Attempts to Overtake Tankers

Iran tried and failed to seize two commercial tankers. That story is here. 

Meanwhile, Iran was caught helping Russia build a drone factory. These drones were intended for use in Ukraine. That story is here. 

___________________________________________________________

Gold Buying Update

Strategic investors of gold may talk to you about buying physical gold in places like Dubai. If you bought an ounce, it would look something like this.

For those that don’t have the time or energy to go traipsing through Dubai to buy physical gold (and deal with customs) we’d suggest taking a look at this article.

The bottom line: Strategic holdings in gold make sense.

___________________________________________________________

Key Markets Are Reacting

The markets are wary after the Fed Minutes revealed that a rate bump is likely for July. The Minutes reveal that the Fed is still hawkish on rates. That story is here.  

Key markets indicate pressure rising in the face of continued rate hikes. Smart investors continue to hedge bets with investments in precious metals.

___________________________________________________________

Do you remember when?

Here's a little 1950's nostalgia:

“For more pure pleasure…have a Camel”

-Camel

On this day in history:

1776: The Liberty Bell rings out from the tower of the Pennsylvania State House and citizens gather for the first public reading of the Declaration of Independence. (It was adopted on July 4 but not returned from the printer until July 8).

1778: George Washington makes the headquarters for the Continental Army at West Point.

1932: The Dow Jones Industrial Average reaches the lowest level of the Great Depression, closing at 41.22.

1963: US bans all monetary transactions with Cuba.

Please share this newsletter with others so that we can continue to grow.

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.