Loading ...The harder they hit it, it gives a chance for somebody to buy in, and the harder it comes back. This gold up trend since late ’15 at $1,060/ounce must be driving TPTB stress and anxiety.
There is nothing the banker bozos can do to STOP this OVER ALL Gold uptrend unless they raise DEPOSIT rates to 5% or more. Ask yourself. Can or will they do that?
So far they are boxed in. And are forced, for the greater good of “themselves” to keep rates low. And stocks bonds and real estate prices high.
If rates jump up violently, it will be against their will, it would be because of a BOND MARKET CRASH sell off. Do we care about that? Who cares about 18% CD rates? I’ve seen that. So you sell out your $40 Silver and your $3500 Gold, and buy 30 year US Gov’t Bonds paying 16.8% for 30 years with no call back provision. I’ve seen that.
I saw a guy around 1980 buy a house with money gleaned from selling a $1000 face value junk silver bag for $25,000, the full size house was $25,000, and had a HUGE back yard. He put 4 apartments in the house, and build a 12 unit structure in the back yard.
Stocks Bonds and Real estate were very very cheap with a 21% prime, and 18% CD deposit rates. June 1982, Dow 796, under 1000 since 1968-70 high. The “invisible crash” during that era. $40k house in 1970 was still $40 in 1980, an invisible crash there too.
The “short term” reversal after 1971 led to the new long term reversal of 2008, 2008 in my opinion was the OVER ALL new reversal of the old 1913 Fed Res Act agenda. It wore out by 2008.