The real reason is that the Fed is on notice that the jig is up, as Trump enforcers and the military counter-intel unit backing them have these bastards by the b*lls.
Sorry for my graphic expression and un-Christian like approach, but when it comes to the bankster cartel, I become a warrior ready to lay down my life for my country to see these bastards burn in Hell.
The Gold Standard is returning and although I don't believe gold has much intrinsic value, it is a reference point with constitutional dominion granted over it by our Treasury. And if in addition it is the weapon that will take down the Fed, then I'm all in for it returning as the standard.
I won't buy gold as long as these bank bastards have the derivative paper they can either throw at it or withhold to control its rise and fall in price, rigging the value and fleecing the emotional retail investors which is what they do best.
I am comforted by the very telling expression by POTUS last year that "we have enough gold to take down the Fed".
Don’t have to own gold to take advantage of the upward movement or price swings in general.
That’s what futures and options are for.
Zero percent.
What’s after that?
Sounds like another bank bailout. They pay zero.. you do not.
Oh-oh, negative interest here we come.
We don’t buy gold. We buy land.
Morgan Stanley says so. Let’s remember that in September and October, when we see what really happens.
Note to Trump: if you lower interest rates, you are taking money from people who have some savings, and it’s in banks, and they are not able to find jobs. In other words, they depend on the miserly interest that banks pay.
I’d like to believe that we’re going back to the gold standard, but I don’t.
The total debt of all the world’s governments far exceeds the value of all the gold in the universe. Going back now would trigger a calamity I fear.
No return of Golden Standard at all.
Trump and his would be sycophants are very quietly pushing forth the North American Union agenda too the fullest after the collapse of the dollar and the u.s economy comes the Amero currency of the combination nations of the U.S.,Canada, Mexico etc.
If it would take down the fed and put us back on the gold standard I’m all for it. We never heard the word inflation until tricky dick took us off the gold standard in ‘72.
The “Race to Zero” will not end well.
I don’t believe that we will be tying the dollar to gold in my lifetime if ever. Gold trades relative to the dollar and that is how both will be valued if gold continues to have this mystical quality over societies as it has over the millennia.
I don’t know if rates will go to zero. Many reports suggest it is being contemplated because of some economic or trade issue.
Less talked about is the actual cost to the taxpayers to pay national debt. Bringing the borrowing costs to zero or near zero saves “the government” (taxpayers / the budget) a lot of money. We are paying over $300 billion a year in interest payments right now, and that was projected to reach close to $1 trillion a year in a decade!
There is something really twisted about how this government can print all the money it wants, basically give it away to bankers, who then turn around and charge everyone else a 2.5% spread. I understand that lenders need to cover costs and risk. Of course bringing rates way down will encourage borrowing and investment eg economic expansion. We’ll see how it may impact inflation.
Put down the bong.
Gold has absolutely nothing to do with the Fed planning to cut its Discount Rate to zero.
The Fed has no control over whether or not we are on the gold standard. In case you missed it, Nixon broke our last link with gold, not the Fed.