Peter Boockvar believes the Fed is cornered on inflation. Gold upside of $2,500 and Silver at $50 are certainly reasonable in this cycle. It doesn't matter..
There is actually a reasonable explanation for this phenomenon. The federal government put $6 trillion directly in the hands of consumers, much of it regardless of need.
In this week’s Live from the Vault, Andrew Maguire explains the significance of gold rising alongside the US dollar and reveals the silver market footprints signalling a rally.
Peter Grandich says Bitcoin is too risky. He is buying Gold, Silver & Copper.
Also, be careful in this market. The downside risk is HUGE and the dangers are everywhere.
Your secretary/treasurer, interviewed a few days ago, discussed gold market manipulation by investment house traders and governments, the likelihood that governments will revalue gold..
If all of the above-ground gold were stacked beside each other, the resulting cube would only measure 22 meters on each side, which is a testament to the metal’s rarity.
What you need to know is that this week's settlement is just another in the long line of criminal and civil actions taken against the bullion banks and their traders over the past few years.
