The economy is not “really most sincerely strong.” It's vulnerable to falling backward into its grave at any moment due to numerous structural problems.
Gold and silver are generally priced in "troy ounces." One troy ounce is a little heavier than a standard ounce, equaling 31.1 grams. A standard ounce comes in at 28.35 grams.
Massie: “Congress can render the 5-4 Supreme Court decision against Texas IRRELEVANT by simply refusing to fund Biden’s removal of border security measures.”
The Fed can’t wring liquidity out of the economy in the good times, so inflation never goes away. In crisis, the central bank piles more inflation on top of what was already there.
Confidence has been shaken a lot in recent years. When it finally breaks, investors may want to be out of the way. Confidence is the intangible force helping to hold markets up.
According to one economist touted in headlines: In the face of instability, it's nice to know of the U.S. “world’s best economic recovery” with a landing “so soft” there's no need of ever landing at all!
No one can say for sure how deeply gold will correct before it turns to embark on a spectacular run-up, but I wouldn’t be surprised to see it take out October’s lows near $1600.
What perplexes us is placing a proper valuation on Bitcoin versus its price. We know ad nauseum that Gold today is priced at basically one-half its dollar debasement.
Hemingway's novel The Sun Also Rises has a line that’s now a familiar quote: “How did you go bankrupt? Two ways: Gradually and then suddenly.” Thus goes the United States.
