Don’t forget that the year of the recovery act is when the deficit was jacked up to over a trillion.
That’s like a store that originally marks an item very high, then when the put it on sale the customers are fooled into believing they are getting a good deal.
I agree with you that our increased oil production is a good thing and I hope we keep it up. But I don’t think everything is as rosy as they would have us believe.
But I don’t think everything is as rosy as they would have us believe.
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agree. but what it does mean is that the bottom is not going to fall out. the gold bugs are being burned and will continue to be burned.
Here is a chart of historical inflation adjusted gold prices. Compare 1980 to today. Something similiar happened then as is happening today with adverse affects for the gold bugs. history does not repeat itself but it does rhyme.
http://www.macrotrends.net/1333/gold-and-silver-prices-100-year-historical-chart