Turkey returned to buying gold in June and added another 14.7 tons in August, joining China, Poland and Uzbekistan as the biggest buyers for the month...
“ On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron. ” ~ H. L. Mencken
If the US Dollar is worth less, why are stocks in both domestic and foreign companies also worth less now, pretty much across the board?
Did math stop working? I mean, I know math is racist and all that, but I didn't realize they could just shut it off.
“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs
The FED is raising interest rates as they did in 1981-82 to prevent the value of the dollar from collapsing. When they stop raising rates, all investors will look at gold. Overseas investors will see the value of their dollar holdings decline and sell everything and go for commodities including gold and silver.
I've never seen stocks/bonds/domestic/foriegn/long term/short term/currency/real estate all free fall at the same time/rate.
When I was a schoolboy, we knew that that for the seesaw to work, that fat kid would have to sit closer to the pivot, else sit in the dirt.
“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs