Supporters of the “golden share” have forgotten (or never learned) the lessons from the failures of allowing politicians and bureaucrats to run private businesses.
In recent days, thieves cleaned out a Simi Valley jewelry store, making off with millions of dollars in uninsured precious metals, jewelry, and cash in a brazen burglary.
If the dollar remains below 100, it would strongly indicate that further weakness lies ahead—an important bullish development for gold, silver, and the broader commodities complex.
Moriarty states: "Far too much of the US’s economy and certainly the European economy as well is shuffling pieces of paper, and shuffling pieces of paper does not create real wealth."
Uncle Sam can’t keep borrowing and spending at the current pace forever. Eventually, the debt bubble will pop, and that moment looms closer with each passing day.
While the headlines swirled, Trump’s legal setback, Brussels’ dilemma, Wall Street’s reflexive optimism, gold simply ticked on, quietly doing its job as a store of value.
