Good Morning. Today is October 7, 2023.

This is Bullion Baron, the weekly precious metals newsletter that keeps you fresher than toothpaste.

Here’s what we got for you today:

1. Worker Shortage

2. Expert Gold Price Prediction

3. WW III

The Baron's Investment Forecast

Link to forecast methodology.

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Worker Shortage

A new jobs report came out this week beating estimates for new jobs expectations in the United States.

Meanwhile, pragmatists caution against a continued worker shortage. That opinion article is here.

Another opinion article argues that wages are not keeping up with new hires.

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

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Gold Expected to Gain in 2024

Ewa Manthey predicts gold will gain ground in 2024. That article is here.

It comes as no surprise to regular readers to find the Fed’s policies are largely to blame for any recent slippage in gold prices. "In the short term, we believe the threat of further action from the Fed will continue to keep the lid on gold prices,” Manthey said.

"Our US economist believes that the Fed is done hiking rates with cuts starting from spring 2024 as challenges continue to mount. Real household disposable income is slowing, student loan repayments are due to restart, credit availability is drying up and pandemic-era accrued savings have been exhausted by many households,” said Manthey. "We expect prices to move higher again in the first quarter of 2024 to average $1,950/oz on the assumption that the Fed will start cutting rates in the first quarter of next year, the dollar weakens, safe haven demand picks up amid global economic uncertainty and central bank buying remains at high levels.”

BB’s motto: Strategic holdings in gold make sense.

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WW III

We have been tracking the Ukraine - Russia war. Skeptics in the United States are growing wary of government spending on the conflict.

This latest news has many sounding the alarms for WW III.

This story is evolving. Many investors continue to worry about the markets becoming increasingly depressed, due to global conflicts, which may lead to a recession. 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 1960's nostalgia:

“Do yourself a flavor…Make a Seven-Up “Float”!

-7up

On this day in history:

2001: War in Afghanistan begins.

1996: Fox News Broadcasts for the first time.

1985: The US announces they will no longer automatically comply with World Court decisions.

1780: The Battle of Kings Mountain is fought, which was a critical battle between the Patriot and Loyalist militias in the Southern campaign of the American Revolutionary War.

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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.