Van Greyerz writes in his newsletter that gold reserves valued at today’s prices comprise about 0.5% of the value of global wealth, $32 trillion. This represents the value of all the gold mined in human history. As a comparison, the market capitalization of the 12 largest US corporations equals $30
I think President Trump is blindsiding us. We are told how incredibly well the US economy is performing, but the economic data and major actions by the FED certainly argue against that case. When the economy is doing well, one would raise rates in order to cool it off by
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
This cartoon makes me think of the adage that when 95% of the work is done, there is only 95% to go. The worldwide situation appears to be randomly unfathomable. I do not believe that for a second. As I amateurishly try to assess the existing wars, outbreaks of war,
Gold is doing the job it has for millennia. Buffers against sham currencies. Compensates for inflation. Protects against lunatic politicians and policies. Compensates for incoherent, illogical laws. Preserves purchasing power. Acts as a financial support against war. Reduces portfolio volatility. Used for trade in difficult times. Globally accepted means of
Powell is talking about cutting rates. He is acknowledging now what we all see. A huge crisis ahead. Lots of things breaking. Banks, Gilts, US Treasuries, the middle class, small companies and many others. He is patently aware that a soft landing is just a dream. The money supply has
The indications that the FED will start cutting rates next year excited the markets yesterday afternoon, with the Dow Jones index rising more than 400 points, Gold bouncing from $1975.00 early in the morning to $2022.00 in the late afternoon and silver bouncing from a low near $22.50 in the
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