Loading ...Platinum was up $40. today. I own one ounce of phiz which I bought last week. It just looks cheap compared to gold and paladium. Something is going on in the world economy.
History always repeats itself but never repeats itself exactly. We now have several direct correlations to the late 1920’s. The biggest difference this time is the US Government is broke. During the 1930’s, the government had little debt so they could “prime the pump” of the economy by various public works projects.
We now appear to be at the point of money supply contraction or helicopter money. The 21st century “Teapot dome scandal” is about to unravel or will be buried forever. The ticking debt bomb is about to reset. Volatility is slowly working up to frenzy stage. Anybody notice the cattle market lately?
Be nimble my friends. There is going to be a lot of collateral damage to people who thought they had no exposure.
rno, ready for the barter system to be resurrected!