In the United States, Federal Reserve Chairman Jerome Powell announced yesterday during a press conference that an interest rate cut "could be on the table as soon as September." Although the FOMC unanimously voted to keep the rates unchanged for now, Powell emphasized that future rate cuts will depend on economic data and overall outlook. Powell reiterated that decisions will not be influenced by political pressure or election years, and that the Fed will strictly adhere to its apolitical mandate.

In the United Kingdom, the Bank of England has cut its interest rate for the first time in over four years, bringing the rate down to 5% from 5.25%. Despite mixed market expectations for this rate cut, given recent inflation figures hitting targets, the final decision was a significant move. The uncertainty surrounding the decision was heightened by a six-week period of limited central bank communication due to the UK's general elections. The Bank of England remains concerned about wage growth and persistent inflation in the services sector, despite the recent rate cut.

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Jeroen Blokland shared a particularly interesting fact on Twitter today. Gold ($) has outperformed bonds (US Treasury Index) over the past 50 years. This has significant implications for traditional optimization models that primarily use stocks and bonds to compose portfolios. Due to the growing debt burden and the balance sheets of central banks, the outcomes of these models will change. Traditional investors consider these models the simplest and most objective way to determine a strategic asset allocation. Based on new insights, investors should now invest more in gold instead of bonds. According to Jeroen Blokland, this is part of 'the great rebalancing,' which will greatly influence portfolio allocations in the coming years.

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Due to the decreasing affordability of housing, more young Americans are living with their parents for longer periods (data from 2022). Chris Salviati from Apartment List notes that 17 percent of 25- to 35-year-olds now live with their parents, a level not seen since 1940. In 1970, only 7 percent of this age group lived at home, meaning this percentage more than doubled by 2022. This generational trend illustrates how changing economic conditions affect the living choices of young adults. The rising debt burden and the larger balance sheets of central banks play a role in this. Furthermore, it is interesting to observe how these changes in the living patterns of young adults develop over time, especially in comparison with previous generations.

Do you have children or are you expecting a child soon? At GoldRepublic, we offer the option to open a 'minor account' for your child. This way, you can automatically save gold for your child until their 18th birthday. Once your child becomes an adult, the management of the account will be transferred to them. If you save 100 euros in gold each month, this could potentially reach a value of 54,000 euros after 18 years (see example). This might increase the chances of your child moving out one day 😉. Disclaimer: this calculation is based on the average annual return of gold of 9% between 2001 and 2023 and does not guarantee future results.

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In this interview with Lyn Alden and Alexej Jordanov explore the shocking parallels between the mythical Atlantis and today's society, delving into political corruption, the unsustainable future of pension systems, and the deepening housing crisis. We also dive into how Bitcoin mining can disrupt the way wasted and untapped energy is used and harnessed to enable self-sufficient communities, even in remote areas while further strengthening the resilience of Bitcoin's network.

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Disclaimer: The information on this webpage is not considered investment advice or an investment recommendation.