Good Morning. Today is November 11, 2023.

This is Bullion Baron, the weekly precious metals newsletter that’s proud to be American.

Here’s what we got for you today:

1. US - China Relations

2. Bank Struggles Continue

3. “Illegal” gold

The Baron's Investment Forecast

Link to forecast methodology.

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US and China To Meet

US and China tensions are high, and the temperature hasn’t turned down. In an effort to re-open communications, Biden has put out what he plans to discuss with China’s leader. That story is here. 

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

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Banks Continue to Face Uncertainty

A new report suggests that banks now face risks related to inflation. That story is here. 

Meanwhile in the UK, a recession has started. That story is here.

BB’s motto: Strategic holdings in gold make sense. Especially when kept safe in a vault.

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“Illegal” Gold is on the Rise

It seems that “illegal” gold is popular in South America. That story is here. 

Savvy readers already have a firm opinion on this topic and are keeping powder dry. No reader is surprised that gold’s popularity would rise during global tensions.

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Do you remember when?

Here's a little 1950's nostalgia:

“Youngsters Prefer Peter Pan Peanut Butter”

-Peter Pan Peanut Butter

On this day in history:

1918: This is the only historical event we will discuss today. The Armistice, an agreement to end the fighting of the First World War as a prelude to peace negotiations, began at 11 AM on 11 November 1918.

After World War II and the Korean war, “Armistice Day” officially became “Veterans Day” on June 1, 1954, when veterans service organizations petitioned Congress to change the name from Armistice Day to Veterans Day so the day more directly honored the nation’s many veterans.

To this day in the UK “Armistice Day” is remembered with a Two Minute Silence at 11 AM on the 11th day of the 11th month.

Over 116,000 Americans gave their lives to win WW1.

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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.