Nigeria, Uganda, Zimbabwe, Madagascar, and several other African nations have made moves to increase gold reserves, bring their gold home, and even back their currencies with the yellow metal.
We know that none of the people in the Biden administration would lie about the condition of the economy any more than they would lie about the condition of the president, himself.
Trying to hide, especially in today’s world, is not very effective. Don’t be sure that if you choose sides, you’ll necessarily be with the “good guys.”
Maharrey delved into the perils of central planning and the inherent limitations of human knowledge, with insights from economist Friedrich Hayek and financial expert Jim Grant.
Gold has and should reliably outperform the stock market in such a scenario. It should reach the measured upside target from its cup and handle pattern breakout of $3000.
No matter how good the storyline the Fed writes, things are never going to go according to the script. Unfortunately, hubris blinds people to their fallibility.
Through the first five months of 2024, gold imports into India increased by 26 percent year-on-year, with 230 tons of gold flowing into the country. This is despite record-high prices.
Young people are also becoming increasingly aware of the increasing risk in today's economy with rapidly increasing government debt and rampant price inflation.
