India ranks as the second-largest gold market behind China.
After domestic gold corrected sharply in June, the price stabilized in July and began recovering in early August.
Seventy-one percent of Americans say they oppose a new data center being built anywhere near them. That’s a supermajority, and it now runs higher than the share of Americans who oppose a nuclear plant in their backyard.
If the U.S. government folded the debt into a single 30-year bond at 5 percent, Uncle Sam would need to accumulate roughly $9.13 billion per day to pay off the bond at term.
Malcolm Forbes used to joke that his idea of social change was plenty of tens and twenties. If he were alive today, he’d have to say fifties and hundreds.
While buying back old long bonds while continuing to issue new debt can improve liquidity and market functioning, it can’t make the government's financing requirement disappear.
JP believes individuals should have the freedom to choose gold and silver as alternative money, without the taxes and regulations that currently make doing so more difficult.
So get ready for another rodeo ride as the Fed and feds go back to bronco busting the dusty “OK Dollar Corral.” It’s going to be a long ride, fraught with new perils.
Gold has overtaken US Treasuries in global central bank reserves, and recent surveys indicate that more central banks plan to decrease their dollar allocations than increase them.
