Do You Have a #Gold and #Silver “Seatbelt”?…”You Must Own Gold and Silver When the #Currency Is Being Debased” Do You Have a Gold and Silver “Seatbelt”?…”You Must Own Gold and Silver When the Currency Is Being Debased” David SmithMoneyMetals.com February 25th, 2015 In just about every state, it’s the law that you must wear a seatbelt when driving down the road.
Putting aside the question of whether the government should mandate this, most of us understand that the reasons for individually choosing to do so are valid. It’s been a long time since I’ve been in an accident, but it’s a habit to buckle up every time I get into the car. I don’t look back at my most recent trip and think “Gee, so far nothing has happened. So why did I bother wearing my seatbelt for all those years?” Take a quick look at our financial system. Sure there have been “changes” – for example, your bank most likely has a “bail in” provision added to the fine print of your accounts, letting you know that if they go under due to their own mismanagement, you may be forced to help out with some of your hard-earned funds.
Massive government debt. Underfunded pension plans. The Rest…HERE. Gerald Celente Exclusive: 'If Rates Go Up Too High, the #Economy Goes Down, End of Story' Gerald Celente Exclusive: 'If rates go up too high, the economy goes down, end of story' Money Metals Exchange, Released on 3/9/18 Gerald parses through all of the major new stories these days and tells us which one is the most important storyline that will affect the stock markets, the economy, and gold.
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Related Gerald Celente podcast – The ticking time bomb that is the global economy Gerald Celente, Progressive Radio Network, Released on 5/18/16 In this Trends This Week program, Trends Journal publisher Gerald Celente breaks down the indicators that suggest that time bomb is about to go off. In "All" Gerald Celente: Hypocrisy and stalled economies Celente: All world currencies are in trouble. What in the World Happened to #Gold and #Silver Prices Last Week?
What in the World Happened to Gold and Silver Prices Last Week? By Clint Siegner, Money Metals Exchange Gold and silver prices charged higher during the first 6 months of the year.
They fell into a rut over the summer, and then hit the skids last Tuesday. Lots of bullion investors are wondering what in the world happened. There are three primary factors driving this price correction. The first is the strength in the U.S. dollar. The gold bug’s old nemesis – the Fed – just keeps coming back. The second factor is related to the first. The last factor is (or was) the extraordinarily high speculative interest in metals.
Across the table from them sat the bullion banks, heavily short and pushing for prices to fall. The good news, if any, is that flushing weak hands and reducing open interest will put markets in a better position to bottom and start a new leg higher. Our view remains unchanged. And the federal debt would take roughly a trillion dollars a year to service if the cost of funds heads north to 5%, which is closer to “normal.”