Indian gold demand has picked up in 2024, despite record high prices. It got a shot in the arm in July when the Indian government cut taxes on gold and silver imports by more than half.
Economist David Rosenberg, who predicted the 2008 financial collapse, said that the 818,000 adjustment in new jobs signify an economy that is in a worse meltdown than the Fed realizes.
The problem with fiat money – paper or digital – is the Fed can just fire up the proverbial printing press and make more when the government wants to pay for something.
Inflation hits the entire income of the poor and much of the middle class because they spend every dollar they earn from month to month. What little they do save gets no interest.
Gold currently makes up about 14.7 percent of Poland’s total reserves. The physical gold market in Poland has been among the strongest in Europe over the last three years.
