What happened since last June is that the gold price has been rising, gold ETF inventory has gone up, and the U.K.—home of the London Bullion Market—has turned into a net importer.
Neither Congress nor the next occupant of the Oval Office will do anything substantive to address this fiscal trainwreck. Instead, they will continue to kick the can down the road.
What we need is the classical gold standard, based on 100% reserve banking. There is no need for an expansion of the monetary system, even a gradual expansion. End the Fed.
Wall Street has gone all-in for Trump, piling up such extravagant gains in the last few weeks that one might wonder what bold miracles investors expect of him.
The growing movement toward gold in Africa underscores an important truth: while fiat currencies come and go, gold has remained trusted money for over 5,000 years.
The Federal Reserve recently entered rate-cutting mode on the grounds that inflation is in a sustainable downtrend. That reasoning holds only if housing prices fall quite a bit from here.
