9/21 Jim Rickards: We're Witnessing One of the Greatest Failed Experiments in Economic History
OperationButter
Posts: 1,672 ✭✭✭
Gold is for savings. Fiat is for transactions.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
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Comments
"emerging countries are abandoning paper currencies in favor of physical gold, in anticipation of a collapse in the international monetary system"
Exit bunker, enter Matrix. LOL
<< <i>No doubt in my mind, that, at some point in the future, their is a financial disaster looming that will dwarf the great depression. Just have no idea when. Cheers, RickO >>
There is a pretty good insurance policy available.
Exit bunker, enter Matrix. LOL
<< <i>Thanks for the links, guys. The bit about China buying up mines in Australia to increase their gold holdings without jacking up the market price was new to me. It makes perfect sense. >>
The Reds own them in America too
"The bond market has converted into a Flash Trading arena within the bank syndicate to maintain bond prices. This is an explosive development, indicative of unsustainable sovereign bond prices kept up by round robin marked by internal sales within the Federal Reserve banks themselves. The breakdown of the USTBonds and USDollar has begun, a long process having come full circle after the highly destructive ZIRP & QE, both engrained in monetary policy. QE to Infinity will be ramped up, with double the volume of USTBond purchases in the next several months."
dollar insurance premiums should soon be rising.
And this just in: why the gold "bull market is only half over."
Exit bunker, enter Matrix. LOL