When it comes to the gold market, this can’t happen today…
That Can’t Happen Today
November 13 (King World News) – Dominic Frisby: In 1980, US government debt was about a third of GDP. Today it’s over 120%.
Paul Volcker took interest rates close to 20% to save the dollar. It hurt, but it worked, because the debt pile was small enough to survive it.
That can’t happen today.
At 20% today, just the interest bill would end up bigger than everything Washington collects in tax. Many calculate that once you add the contingent liabilities, the debt is nearer 200% of GDP.
Rates can’t go high enough to defend the dollar. Which means money printing.
That’s why I own gold…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
Gold
Lukas Ekwueme: Gold might be plunging… but the bull market isn’t over.
During the 70s, gold went up 24x… but most of us wouldn’t have been able to stomach the volatility.
Along the way, Gold suffered 3 major pullbacks ranging from 26% to 50%…
The real move only began after all the weak hands were shaken out.
I expect history to repeat…
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This Is Why Gold, Silver & Oil Are Headed Way Higher Than 1970s Bull Market CLICK HERE.
GOLD ALERT: US Desperately Moves To Ramp Up QE CLICK HERE.
What Is About To Happen In The Silver Market Will Be Historic CLICK HERE.
Michael Oliver – Don’t Believe What The Media Is Telling You About Gold & Gold Stocks CLICK HERE.
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