Safe Haven Surges and Climate Pledges

Since last week: 

Even as spending keeps the economy afloat, assets that are usually seen as safe havens have been moving up. 

Safe Haven Surges and Climate Pledges

1. Bitcoin at 40K

Bitcoin has been on a surge of late, and now it seems to be a question of how high it will go. It recently touched a price of $42,000, which it hadn’t seen in over a year, and this is before a number of catalysts that could drive the price even higher. Learn the details from crypto expert Chris Curl and see how you can use this to your advantage to make some real money. 

2. Tripling Nuclear by 2050

At COP28, over 20 countries endorsed a declaration to triple the share of world nuclear power by 2050. There’s a lot of work to do to fight off the effects of climate change, and it can’t be done without nuclear power. These countries are also going to need as much uranium as they can get ahold of to reach that goal, which is nothing but good news for uranium investors. 

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3. Tripling Renewable by 2030

Along those same lines, at COP28, 118 countries pledged to triple the world’s clean power by 2030. That’s going to help renewables replace fossil fuels as governments open their wallets in the fight against climate change. This is an investment trend that will take off very quickly, so you will want to get in on investing in the raw components needed for this kind of initiative as soon as possible. 

4. A Golden Record

Gold has enjoyed a continued ride all the way to record highs when it reached $2,135 per ounce earlier this week. It later pulled back, but it’s obvious investors are buying in on the anticipated end of interest rate hikes as well as ongoing geopolitical tension. This climb is likely to continue, which is why you will want to secure your own gold sooner rather than later. 

What to Look For:

Continue watching news related to consumer spending and sentiment as we head into the final weeks of the year.

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Keep your eyes open,

Ryan Stancil

Ryan Stancil
Editor, Daily Profit Cycle