Maharrey argues that if you save purely in dollars, those dollars will buy less in the future, and that the ongoing rise in gold and silver is a signal of continued currency devaluation.
Regulators in India have revised rules to allow pension funds to invest in gold and silver ETFs. This could further boost already booming investment demand in India.
The action is similar to the Fed’s aggressive acquisition of long-dated securities in the bond market at the onset of the 2008 financial crisis, when credit markets imploded.
It’s also worth noting that Buffett has already invested in silver twice and when he described why in his 1998 Berkshire Hathaway shareholder meeting, the reasons he cited sound familiar.
Bull markets are scary. They become very overbought. They present reasons why people should take their profits while they have them. But then they keep going up.
According to the report, John had keys to the woman’s house and a gate opener. He allegedly stole 10 1-ounce gold coins. That would be worth over $43,000 at today’s gold price.
