His take on where we are relative to the 1973-1974 fractal of the gold chart. If he is correct, and I believe he is, we are at the beginning of a long upward trajectory. I think the same goes for silver, but for different reasons. Gold doubled over the time
So President Trump got a rate cut, not nearly as much as he would like. Even this ‘small’ decrease in the rate will have devastating effects on the value of the Dollar and the inflationary effects on the economy. The ‘saving grace’ regarding inflation is that the economy is slowing
Dollar trajectory since 1913. The removal of gold from the financial system to ensure the use of the paper dollar in transactions does not have the desired effect of maintaining the purchasing power of the fiat paper. (Unless the desired effect was and is to devalue it to zero). This
Derivatives are a huge worry as the unimaginable values of contracts are terrifying. The list of banks and amounts contracted are available at this address below. A long list but worthwhile looking at the first twenty or so. Read more here I believe that the FED will have no alternative
The common wisdom is that increasing interest rates will have an opposite effect on the gold price, which in a way makes sense. Higher interest rates attract funds away from non-interest producing assets, however, historically this has not been the case.
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