That's interesting! It isn't easy going Galt.
Comex Gold Inventory Data/Brinks Inc Total:
Good for us or does that mean a war with Taiwan?
That's interesting! It isn't easy going Galt.
Comex Gold Inventory Data/Brinks Inc Total:
A hard landing is coming for China?
Why, oh why, did they EVER embrace a market economy? Don’t they know that that involves monetary risk, and may even lead to (gasp!) capitalism?
Did the authors of the “new China” not realize the mischief they were setting loose? Now their own people will be expecting to get some share of the total wealth of the State. And isn’t that just feeding greed, and its evil twin, poverty?
< /sarcasm >
Welcome to the real world, China. And to its uncertainties and challenges. But pay attention to what is happening in the US, and refrain from trying to “fix” things.
Our gas price went from $ 3.37 to $ 3.45 overnight.In S. Jersey no less.
A China led deflation could make world banks unstable and the derivatives overhang unstable>
This fear would make people buy gold as a bank run hedge. Bank runs and mutual fund runs will look different than in the 1930s but you would lose savings in that you would be blocked from withdrawing all your money. You would only be allowed to withdraw half or a third. Your money would not be yours to use. It would be used to prop up the system even though it is still in your name
Look at the 50s/60s boom/bust or the 70s/80s boom/bust
Goldpimper
The man with the Madoff touch
Swindles so much
They call him
Goldpimper....