Good Morning. Today is June 10, 2023.

This is Bullion Baron, the weekly precious metals newsletter that crunches your precious metals data better than a 5 ton car press.

Here’s what we got for you today:

1. World War Tensions - Ukraine

2. Gold Prediction

3. Real Estate Update

The Baron's Investment Forecast

Link to forecast methodology.

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Ukrainian Forces Mount Counter Offensive

Ukrainian forces are advancing around Bakhumut. A long awaited counteroffensive appears imminent. That story is here.

Meanwhile, a critical dam has been destroyed on the ton line in Southern Ukraine. Each country is blaming one another. That story is here and further demonstrates evidence of a counteroffensive.

As War tensions continue to mount, savvy investors continue to purchase gold.

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Gold Predictions Update

Central Bankers are buying gold. Chief Executive Officer at the London Bullion Market Association discusses supply and demand to Bloomberg Television. That link is here. 

The bottom line: Strategic holdings in gold make sense.

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Real Estate Predictions Updated

Existing home sales decreased in April. All four regions showed a decline. That is according to National Association of Realtors.

Buyers remain wary of the following factors: volatile mortgage rates, high home prices, a potential recession and stubborn inflation. Buyers continue to question whether mortgage rates will go down. They also wonder whether home prices will eventually drop to coincide with other uncertainties. That story is here. 

BB has long recognized real estate as a fantastic hedge option. But, if a recession is looming, strategic gold holdings are smart.

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Do you remember when?

Here's a little 1940's nostalgia:

"Give ‘A Sweet Story’ (to a sweet someone!)

-Life Savers

On this day in history:

1772: Rhode Islanders living in the American colonies board and sank the British revenue vessel Gaspee in Narragansett Bay.

1940: As President FDR prepares to give a commencement address at the University of Virginia, Italy declares war on France and Great Britain.

1977: James Earl Ray, convicted killer of MLK, Jr., escapes prison from Tennessee. He is captured about 54 hours later.

2007: HBO airs the last episode of The Sopranos.

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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.