Small and medium businesses are being attacked on almost every level. From the costs of direct inputs, to the continually increasing creep of government control, compliance and reporting which requires more and more effort and staff in order to comply.
Every word in every conversation needs to be measured in case someone is offended, including offending some authoritarian official that can rain disaster on a business.
I would love some suggestions regarding ways for small businesses and individuals to fight back as sadly our freedoms are being eroded bit by bit on a daily basis and we are complying to our own demise.
On an individual basis the restrictions on being human are growing minute by minute with restrictions like fifteen minute cities being only one of a multitude of impositions that seem to be coming.
Governments are frantically bolstering their gold reserves with China adding another fifteen tons in January. This in addition to the 1,343 tons purchased last year.
China does not export any gold that it produces internally and I have read reports that it holds about 26,000 tons as a reserve. If we compare this to the 8,000 tons supposedly held by the US, that puts them way ahead.
In addition China has been encouraging its citizens to purchase gold. Quite the opposite in the west, where limits on purchases, taxes, restrictions on export, on transportation, and on transfers of funds are taking place.
The bashing of the precious metals prices does not deter me from believing in the long term potential of the metals.
I see this as an opportunity to carefully and incrementally accumulate physical metals and patiently wait for a turnaround in the mining stocks. Global gold demand was 4,741 tons, a decade high with Central banks buying more than they have for 55 years.
Overall demand was up 18% for the year
Investment demand increased about 10% for the year with strong bar and coin purchases, while jewelry demand decreased by 3% and technology fell by 7%.
|Gold: Silver Ratio||85.11:1||84.05:1|
|Gold Miners Bullish Percent Index||41.38||48.28|
|Dow: Gold Ratio|
(BahaUS 34054.00/Gold price,1838.80)
|Current USA inflation rate (Dept. of Statistics)||6.4%||6.5%|
Gold’s low of the week was $1,830.00 and the high was $1,871.00, now trading at around $1,839.00.
The monthly chart for Gold is neutral.
The weekly chart is neutral with a tendency to a sell.
The daily chart gave a sell last Friday with no sign of a turnaround yet.