Why We Hold Gold and Gold Stocks

• Gold serves as a critical hedge against current economic headwinds including economic uncertainty, mounting US deficit, tariff effects, and geopolitical instability. • The US deficit problem is severe, with the fiscal year ending September 2024 showing a $1.8 trillion deficit (6.4% of GDP), and projections for 2025 exceeding $1.9 trillion. • The Federal Reserve has raised inflation expectations to 2.8% for 2025, indicating anticipated acceleration of inflation during the year. • Central banks globally have been shifting away from US Dollars, especially in developing countries.

Is Your Portfolio and Retirement Safe from the Devasting Damage of Inflation?

Investors need to be aware that inflation damage compounds over time. We have undergone a secular change, and inflation will continue to move up over the medium term.