Chinese gold-backed exchange-traded products added 10 tons to their holdings. And the People’s Bank of China increased its gold reserves by a whopping 225 tons.
We’re talking in today’s report about fake real GDP that did not have enough inflation taken out of it to show what really happened in US production last quarter.
Merk suggests Fed Chair Powell's shift away from "higher for longer," signals concerns about a weakening economy. He believes gold tends to fare better in a hard landing scenario.
Since the detachment of the US dollar from the gold standard in 1971, the dollar has lost over 85% of its value, while the value of gold has skyrocketed.
This series of events that echoed throughout the American Civil War effectively ended North Carolina’s growth and leadership in gold mining and the private minting of sound money.
Some may remember how China’s economic and currency troubles several years ago did some serious damage in the US. Well, those troubles are much bigger this time.
Declining real wages are indicative of what the U.S. government and the Federal Reserve have done to your money. And it's inevitable when you have a fiat currency detached from real money – gold and silver.
