So my view continues to be some representation of the 2003-2008 phase, where we may make a lot of money (funny munny) prior to a terrible liquidation out there somewhere on the horizon.
Morgan had been watching the $4,000 level, but with the metal reaching roughly $4,500, gold had moved more than 10 percent above that threshold in only a matter of weeks.
An asset acquired for speculation should have rules governing position size, valuation and exit. An asset held for insurance or long-term preservation should not be judged solely by whether it outperformed...
It’s GLOBAL and out of control, and it’s tearing the national debt apart, spiking everyone’s interest rates on everything all over the world, boosting inflation, and likely incinerating the dollar.
India ranks as the second-largest gold market behind China.
After domestic gold corrected sharply in June, the price stabilized in July and began recovering in early August.
Seventy-one percent of Americans say they oppose a new data center being built anywhere near them. That’s a supermajority, and it now runs higher than the share of Americans who oppose a nuclear plant in their backyard.
If the U.S. government folded the debt into a single 30-year bond at 5 percent, Uncle Sam would need to accumulate roughly $9.13 billion per day to pay off the bond at term.
Malcolm Forbes used to joke that his idea of social change was plenty of tens and twenties. If he were alive today, he’d have to say fifties and hundreds.
