Video re the bad news for gold junkies!
It’s not so bad....I was able to pick up a few tons on the cheap..
Goldbug ping.
The US government reported that deficits would only come to about 640 billion for 2013.That’s a huge drop from 2012 during which the deficit was over 1 trillion. Two more years of those kinds of deficit reductions and the US budget will balance.
That kills the need US government spending out of control argument for gold price increases.
That on top of the USA delivered oil supply shocks totally kills the case for gold.