Dave’s Long Term Outlook: May 1, 2025

Background: During the past five years, the money supply has increased from $15,993.8 billion to $21,762.5 billion, and the velocity has increased from 1.128 to 1.383. During this period, gold reached new all-time highs, and interest rates increased. My long-term outlook over the next five years is that interest rates will decline, and gold will […]