Does a live person answer the phone? Did a highly commissioned salesperson give you an aggressive pitch? Did they recommend high-margin collectibles or something other than low-price bullion coins..
Call it whatever you want, but the economy is in a bad way, powered by consumer borrowing that is unsustainable and shakily backstopped by Baby Boomer 'wealth' dwarfed by Social Security, Medicare and public pension liabilities..
The point, as a possible debt ceiling showdown nears, is that even completely eliminating that “non-defense discretionary” spending slice would still leave Washington without enough income to cover interest, defense, and mandatory spending growth.
The Missouri Senate today passed legislation that would prompt the state treasurer to hold at least 1% of state funds in gold and silver while eliminating all state income taxes on monetary metals.
The other conclusion to be drawn, is there is no point making life harder for ourselves by trying to achieve 100% electrification, given that we do not have the metals supply to achieve this goal.
Changes in secular investment cycles can be financially devastating or wildly profitable - and this can be true on both ends of the cycles. As developed in the educational videos, stocks and gold have over the long term been contracyclical..
We are back to growing along the same slope (rate) as we had been, but stepped down to a much lower level. With the labor force that produces supplies and services now far below..
