In our opinion we see nothing but positives for gold going forward, given the Federal Reserve’s inadequate response to rising inflation which is not longer seen as temporary, or transitory, but a more “sticky” feature of the economy.
Has America ever been more screwed up? And yet, the stock market is frolicking blithely near record highs, a fantastic illusion created by the ascent of a handful of mega-stocks heavily..
JPMorganChase is listed as the owner of 62% of all stock derivatives held at all 4,914 federally-insured banks in the United States, a notional total of $3.3 trillion in derivatives.
Sound money forces – aided by grassroots action by precious metals investors – have recently secured passage of two new sales tax exemptions in Ohio and Arkansas, leaving just eight states that still fully tax gold and silver.
The consumer can’t handle that kind of pressure and it’s not going to stop. In reality the Fed has no control over the rising prices of food, natural gas, gasoline, housing and minerals.
