Those who “try to pull up the drawbridge,” Sec. Austin said, undermine the security that has led to decades of prosperity. Prosperity? Has he looked at the national debt, inflation, and the destruction of the dollar?
The weekend was huge for gold, taking it to new record heights, and then it corrected with a record reversal, too. It was the 6th biggest intraday drop in the history of spot gold trading!
If the US dollar were to become worthless, it won’t matter what the price of gold is in US dollars. Again, what will be important under those conditions is how much gold you own.
It’s been a long time since global wars and recession have joined hands. We have also never faced so many bubbles blown up to such enormous sizes. We also hear the drumbeats of recession growing very close now.
Answers might show how the gold market is being directly influenced by central banks quite apart from any announced purchases of gold for reserves. Will you help?
Once gold breaks out decisively into uncharted territory above the $2,100 level, investors who had previously dismissed gold will no longer have an excuse for avoiding hard money.
There is more fear of disease than disease spreading around the world. I am appalled by the suggestion that we should just so easily get over someone stripping our rights away.
Washington doesn’t just support the retired population’s living expenses. It also pays for their healthcare, a large and growing cost. Today we’ll look at healthcare and the debt.
Charlie Munger was no fan of gold or silver, stating that he had no interest in it. I suspect this approach resulted in many institutional investors avoiding gold and silver.
The irrationality of the market is particularly notable in how it chooses to overlook in its pricing the only thing that could possibly get the Fed to cut rates even if inflation stops — a recession.
