If You Are Worried About The Pullback In Gold, Take A Look At This…
Global Debt And Gold Headed Higher
November 19 (King World News) – Fred Hickey:Global debt just keeps on soaring [$277 trillion by the end of this year]. Spending (particularly by governments) gone wild. Only one (acceptable) way to handle the exploding debts – central bank interest rate suppression and monetary debasement. Primary reason one needs gold. Yet very few own it.
In short-term, as we’re seeing, traders/algos can push the price of gold around – often attempting to scare/stampede gold owners into selling. But I won’t budge. Just need to have enough cash available to take advantage of any opportunities. Long-term, gold is only going higher…
Gold Is Dominating This Century
(Bloomberg Opinion) — Investors don’t really have a handle on what gold is or what it represents. Many erroneously believe gold is some sort of inflation hedge, because of our experience in the 1970s. It’s also not a hedge against stock market crashes, as we discovered in March. Gold is a hedge on government authorities making poor economic choices. Inflation is usually the result of those poor decisions, but people confuse cause and effect here. Gold is a hedge on policy makers screwing up, and there has been a lot of screwing up in the last 20 years.