I’d buy gold if I had any money.
I think I’d wait a while longer...
The US Dollar in our view will take a very hard devaluation hit but should survive.
Politicians will lash out more than ever at markets and their operatives to “Do something” which means do something even more stupid and make more problems.
Tax receipts are way-off not only in the US but across the world. Governments depend upon this mountain of cash to keep spending. It’s going to get a lot worse as broken consumers and businesses will have no profits or gains to be taxed away.
As it becomes more obvious that US credit is relegated to junk territory (It’s already there) our
government will be viewed as bankrupt and being without assets and power.
The headline implies gold has broken out. Has it? Or is it a “forward-looking” headline, hoping to convince people to buy gold, which would make gold prices jump?