Good Morning. Today is October 21, 2023.

This is Bullion Baron, the weekly precious metals newsletter that goes slow so you can move fast.

Here’s what we got for you today:

1. Globalization is Dead

2. Strange News Confluence

3. Gold Remains Strong

The Baron's Investment Forecast

Link to forecast methodology.

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Free Trade is Dead

Globalization - the free trade of goods across borders - is dead. Countries like the U.S. and China now need to consider not just the economic impacts of trade, but the geo-political ramifications. These considerations have stymied trade to the point that goods no longer pass freely across international borders.

This is a main topic at DAVOS. The story is here.

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

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From Israel to Catalytic Converters.

It’s a first for BB. NPR is reporting on two news stories that create a sharp juxtaposition. The link is here. 

In Israel, Biden has announced an aid plan. In the U.S., catalytic converter theft is up 1,215% since 2019.

The world’s conflicts continue to threaten global economics. Theft stemming from substance abuse continues to rock the United States.

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

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Gold Update

With conflicts in the middle east remaining front and center, investors continue to look to safe haven investments like precious metals. Gold continues to remain strong. That story is here.

Savvy readers already have a firm opinion on this topic and are keeping powder dry.

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Do you remember when?

Here's a little 1950's nostalgia:

“Noon, at Last.”

-Budweiser

“Enjoy Life, every golden minute of it. Enjoy Budweiser, every golden drop of it.”

On this day in history:

1774: First display of the word “Liberty” on a flag, raised by colonists in defiance of British rule.

1916: US Army formed Reserve Officers Training Corps (ROTC).

1944: WWII, US troops capture the German city of Aachen.

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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.