TSXV:CN - Post Discussion
Post by
Crashcomingsoon on Apr 07, 2024 11:30am
It's all about the DEBT (Globally)
My Comment: The bill is coming due for 37 years of reckless Fed monetary policies and excessive government fiscal policies; And it's too late to do anything about it.
Is the gold rally just getting started? | Kitco News Excerpt:
Famed investor Frank Giustra has been pretty succinct in his view on what is driving gold. “Gold spikes because there are problems, whether they are economic, financial or geopolitical,” he told Kitco News’ Chief Michelle Makori. “We have a humongous debt problem in this world, unprecedented in human history, and that debt will unravel at some point. Gold is the canary in the coal mine that something is wrong with the system.” “We own a lot more gold than just the GLD. We own physical bars as well, so gold is a very large position for us,” Einhorn said. “There’s a problem with the overall monetary and fiscal policies of the country, and if both policies are systemically too loose, I think the deficits are ultimately a real problem. And I think that this is a way to hedge the risk of something not-so-good happening.”
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