Loading ...Huh?? Did you see that gold chart? Most things regarding the cost of living, like house prices, postage stamp, property taxes etc in my area went up in a steady climb of 7.5% per year. I believe commodities are the most important responsibility for the master planners, and commodities are lumped in with utilities. Controlled, and no monopoly allowed for the public good.
Its most important for gov’t to maintain supply. If it’s YOUR responsibility to maintain supply, you occasionally manipulate the price above natural market, and the producers investors etc cause OVER investment and over production, and later on, lower prices and ample supply. Look at Oil. $145 down to $26, now around $50.
I used to work with metals, and prices were ALWAYS too low for reality. I was buying sheet steel 4X8 foot sheets, cheaper than plywood, which grows on trees. Metal production is a BITCH compared to wood.
The gov’t media tells us copper goes up in times of a growing economy. Choppy lateral flat prices $1 plus or minus .50 cents from 1971 to 2004. Check out the Copper chart below.
Nobody on the planet with a brain can claim there was no economic growth for 33 years, OR that that Copper price was not controlled. After 9/11/01 the central planners started losing control. Visible on chart. Don’t think, look.
Armstrong may have made a few good calls. Even Sinclair looked great with a $1600 gold price he predicted long before.
http://www.mrci.com/pdf/hg.pdf
P.S. If Gold does drop way down, it would be suggesting or predicting a massive deflation like 1929. That’s ok with me, it would confirm a TOTAL reversal of the past, with a restoration of the Dollars older higher values. The Penny and Nickel would have value again. The stock market’s companies would have trouble making a profit.