Good Morning. Today is October 28, 2023.

This is Bullion Baron, the weekly precious metals newsletter that delivers info in a New York minute.

Here’s what we got for you today:

1. WWIII - On the Brink

2. Bank Struggles Continue

3. Housing Update (It’s Bad)

The Baron's Investment Forecast

Link to forecast methodology.

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WWIII

Iran is actively attacking US Bases. That story is here. 

It seemed as if the Israeli conflict was cooling off a bit, but has since re-activated. Israel is on the attack and stories are emerging rapidly. 

The US has supported Ukraine against Russia while leaving troops on the sideline. With Iran directly attacking the US, moving from the sidelines into the battle is inevitable. BB is expecting other countries to get drawn into this conflict.

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

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Banks Fail to Make up Ground

Stocks are up 20% from the lows of October, 2022. Lingering fears continue to reside in the mind’s of investors over a looming recession. Other investors continue to fear banking’s inability to bounce back in the same way that stocks have.

This article summarizes those fears.

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

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The Housing Outlook is Bleak

Interest rates continue to creep up. Current owners are wary of selling only to be locked in to a new home at a higher interest rate. Thus, high interest rates have a dual effect of reducing inventory and locking out new home buyers. 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:

“worth going out on a limb for”

-Milky Way

On this day in history:

1886: President Grover Cleveland officially dedicates the Statue of Liberty.

1919: US Congress overrode President Woodrow Wilson’s veto and enacts prohibition.

1962: Cuban Missile crisis comes to a close. Russia agrees to remove their missiles from Cuba.

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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.