Gold is behaving terribly this year, plunging 17.9% between mid-April to late September! That has left even hardened contrarian traders disheartened, increasingly wondering if gold is dead.
The fire-sale prices in stocks are not here yet, given all the problems in store, but when the cost of government interest gets to where the Biden Administration (like Trump), and especially congress, starts maximizing Powell pressure to lower rates..
We discuss his recent comments regarding Gold and Silver, where he says there is "Blood in the Streets." Furthermore, we talk about CPI numbers, inflation, Gold heading east, the Housing Market, and more.
To invest in gold and silver is to invest outside of the system. When you buy gold bars or silver coins you are choosing to hold assets that can protect other assets...
So, at the end of the day, it behooves you, as a depositor, to seek out the strongest banks you can find, and to avoid banks which have questionable stability.
