Fiction, Fairy Tales, #Fiat, Hyper Inflationary Collapse. Fiction, Fairy Tales, Fiat, Hyperinflationary Collapse. By Guy Christopher, Originally Published on Money Metals Exchange “Today’s best-selling government fairy tale is that debt is actually wealth, that countless trillions in paper and digital currency can be spread around the world without catastrophic societal upheaval.
The fantasy ignores sound money and belittles those who separate fact from fiction. This fable teaches the more unpayable the debt, the merrier.” [emphasis mine] Do young Americans today know anything about economics? No, they don’t, according to a study during the 2016 presidential primary season, which says lots of other Americans don’t either. The survey found 58% of millennials favor government-run socialism (statistically 6 out of 10), while a nearly identical number (64%) don’t want government interference in free markets. The incompatible findings make no sense, unless… Americans aged 18-24 simply don’t understand the real meanings of either concept. Sadly, the study says that’s true of one-third of all Americans.
This #PreciousMetal Just Hit a Multi-Decade Extreme... This Precious Metal Just Hit a Multi-Decade Extreme... The gold to silver ratio is often cited as an indicator for the precious metals markets.
When the ratio is high (gold is relatively strong versus silver), that typically corresponds with a cyclical low area in precious metals prices. When the ratio starts narrowing (silver gains strength versus gold), that typically corresponds with a cyclical bull market in precious metals. The gold:silver ratio hit a multi-year high of over 83:1 earlier this year. It has since come down to 73.4:1, as of Friday's close, as silver has gained strength in this year's rally. On a historical basis, silver remains a relative bargain compared to gold. Another important ratio is that of gold to platinum. This year platinum traded at its deepest discount to gold since 1982. Platinum:Gold Ratio, 1980 to Present As a general rule of thumb, platinum is a great bargain when it sells for cheaper than gold.
We certainly don't recommend giving up a core position in gold. Undeniable Truths about #PreciousMetals (Don't Forget These...) Undeniable Truths about Precious Metals (Don't Forget These...) Commodities / Gold and Silver 2015Nov 16, 2015 - 04:07 PM GMT By: MoneyMetals Clint Siegner writes: From first to worst.
Gold and silver were the best assets to own during the first decade of this century. During this second decade... not so much. Precious metals bulls have endured 4 years of prices drifting lower punctuated by periodic smash-downs and the occasional false-breakout. What really gets the goat of gold and silver investors is that, throughout this time, there have been very good fundamental reasons to own metals. Given that bankers and high frequency traders have criminally rigged the metals markets, people should question the long-term viability of these low prices. Dollar-destroying debt and deficits are set to continue growing exponentially. The Republicans who now control Congress quietly passed a budget that completely suspends their self-imposed borrowing limit.
However, Congress has raised the debt ceiling 74 times since 1962. Steve St. By Clint Siegner MoneyMetals.com.