The Fed’s mismanagement of the dollar led to a real-estate bubble that burst from 2007-2010, causing distrust in the Fed and prompting banks to diversify into gold.
China's $7 trillion stimulus to boost its economy, alongside measures to revive its property market, is expected to increase iron ore demand, including 20% from a Saudi project.
Beijing will seemingly not much longer tolerate the limited capitalism that produced today’s economy. It was never really sustainable in their political context.
Unlike the Apollo 13 team who said, “Washington, we have a problem," government officials are pretending everything is fine, despite mounting financial problems.
Right now all fingers point upwards, as gold continues to be an under-bought asset class, and it is fully expected that more of us will look to own the yellow metal.
You've been well ahead of inflation if you bought gold virtually any time after 1980 and held it until today. You're on pace with price inflation even if you bought at the peak in 1980.
It's time to extinguish bureaucratic excess before it consumes us. Taxpayers deserve better than this circus of waste and self-interest disguised as public service.
