Stimulus addicted markets ran into headwinds last week. Fed watchers found some hints about interest-rate tightening in the just-released FOMC’s July meeting minutes. That was all it took to rattle Wall Street.
Excessive money-printing not only in the United States, but Britain and the EU, is continuing to devalue currencies at an alarming rate — for which precious metals, namely gold and silver, is the best defence.
Margin debt is at record highs and that does not include the non[1]purpose securities-backed lines of credit that make it possible for all those homes in Aspen to be “bought with cash”.
Palladium is an uncommon element in the Earth’s crust. Deposits of palladium and other PGEs are rare, with the largest occurring in South Africa’s Bushveld Igneous Complex..
Ronald Reagan once told me that no nation has abandoned gold and remained great. As president, he supported the creation of the Gold Commission. However, he did not stop the establishment ..
