Now, the US dynamic is significantly different from Japan’s. It's significantly different from Europe’s. But nonetheless, that excess debt is going to slow our economic growth.
But gold’s young upleg since has increasingly dampened that mass exodus of American stock traders. Stabilizing gold investment precedes new buying, which is bullish for gold.
The price “deflator” used for the GDP calculation (excluding food and energy) was 2.3% – an absurdly fraudulent “estimate” of general price inflation. In reality the deflator should have been..
And the not-so-super-rich are now following in their footsteps. We have always taken exception to the mainstream media’s portrayal of the ordinary gold owner as..
Most households that might otherwise look to buy a move-up home can no longer afford to do so. So there’s no reason for them to sell their house until it becomes unaffordable to maintain.
Having thousands of years of history behind it as a store of value also provides more certainty that gold will continue to hold value far into the future.
In the unlikely event it is enacted, Biden’s proposal would put well-heeled investors in high-tax states like New York and California over the 50% threshold for total taxes paid.
