The bullion banks work off of flow and not stock. Therefore, COMEX gold is subject to the same pressures and squeeze potential as COMEX silver.
Maybe next time, the hashtag should be #GoldSqueeze?
The more likely scenario, unfortunately, is money-printing “out the wazoo” bearing ridiculously high deficits and debt, a currency war with China, and finally, hyperinflation leading to the destruction of the US dollar.
The US has wasted $2.26 trillion dollars on a generation of war on Afghanistan. Much of this money has been spent, according to the US government’s own Special Inspector General for Afghanistan Reconstruction, on useless..
By signing sound money legislation today, Arkansas Gov. Asa Hutchinson has officially ended sales taxation on gold, silver, platinum, and palladium bullion and coins.
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..
