![\"Ed](\"https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2025\/12\/Ed_Dowd_Talk.jpg\")
<\/p>\n(Tom: Those who do not know history are doomed to repeat it. The economy routinely cycles through periods of boom and bust. If you know where you are in the cycle you are less likely to make decisions that turn out badly.)<\/p>\n
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Former Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com warned in September we were at the \u201cBeginning of Panic Rate Cut Cycle.\u201d<\/a> \u00a0Since that prediction, the Fed has cut interest rates three times. \u00a0Looks like Dowd called it correctly.<\/p>\n What is working are precious metals, especially gold.\u00a0<\/strong>\u00a0Dowd does not see gold losing its shine anytime soon.\u00a0 Dowd says,<\/p>\n \u201cIf we get any kind of credit crisis, gold may get sold temporarily where people sell what they can, but not what they want.\u00a0 Long term, gold looks like it\u2019s going to $10,000 an ounce on the charts by 2030.\u00a0 Everything is conspiring fundamentally and technically to lead us that way.\u00a0\u00a0They made gold a Tier 1 asset.\u00a0<\/a>\u00a0<\/em><\/p>\n That makes gold money again in the banking system. . .. I would not get scared out of my physical gold position anytime soon.\u201d<\/em><\/strong><\/p><\/blockquote>\n