Has hell frozen over?
It must have, because one of the chief architects trying to build hell on earth has recommended a move that goes against everything theyâve been saying for years.
BlackRock, the worldâs largest asset management firm and the biggest promoters of Environment, Social, and Governance (ESG) investments, has released a report recommending investors allocate money into physical precious metals.
âGold is having a moment; one we believe is likely to continue. The precious metal has risen over 8% so far in 2023, thanks to a combination of positive factors,â the analysts said in the report. âGold fell from its May 3 high around $2050 per ounce amid expectations the U.S. would avoid missing the deadline to raise the debt ceiling. That said, the decline occurred after gold rallied nearly 30% from its 52-week low. If gold proves able to sustain a rally above its 10-year high of $2067, that may suggest another leg in the rally is likely.â
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