Up 150% over the last 5 years, I am not expecting it to go down anytime soon.
Last time it went down was when RR assumed the presidency.
Barring a similar upheaval, I’m not expecting any softening in the gold price.
You’ve got that right.
Volker was the FED, and Bernank is NO Volker.
In fact, they CAN’T raise interest rates, the cost of paying for the interest will kill the ponzi scheme. They need to keep interests low, like, forever.
The question is, for how long will this go on?