Having thousands of years of history behind it as a store of value also provides more certainty that gold will continue to hold value far into the future.
In the unlikely event it is enacted, Biden’s proposal would put well-heeled investors in high-tax states like New York and California over the 50% threshold for total taxes paid.
Three years ago, in an interview with Grant Williams' Real Vision, Norman said "you betcha" when asked if central banks had an interest in manipulating the gold market.
US Treasuries are as much sought-out by investors in a crisis or pending crisis, but lately, Treasuries have become much less popular as a means of storing wealth.
The rush of newbies are signing up in lemming-like droves for corrupted stock trading apps like Robinhood. Schwab reported opening 3.2 million new accounts in Q1.
The 1970s inflation was sparked by a number of events: the easy monetary policy of the Federal Reserve to generate economic growth and combat growing unemployment as the 1970s recessions took hold; the abandonment of the gold window in 1971, sparking a long decline in the value of the U.S. dollar..
Gold and silver prices could move sharply at any time for reasons that nobody would predict. They could also move sideways first for a long while, frustrating those with short time horizons.
