OMFIF published an essay by Sobel deploring the increasing acquisition of gold by central banks noting that "monetizing" central bank gold reserves "could generate resources for good use."
The Turkish central bank estimates that Turkish households have more $311 billion worth of unregistered gold, most of it outside of the official financial system.
The Republican insistence on increasing military spending is the main reason Congress cannot cut taxes without increasing the debt, making cuts in domestic welfare programs, or both.
With gold solidly above $3,000 and silver building support at $35+, Brien Lundin argues this is no fluke. Instead, it marks the beginning of a powerful and sustained bull market.
