Actually 1933 was a very good year for gold.
Wow! What an enviable record. [The drones are clueless, so anything will be believed.]
Yeah. Note the high point in 1985-86, when Volcker destroyed the hopes of a generation for home ownership.
At 16% mortgage rates, the SOB made sure that no new buyers could get into the market.
Been there, remember that.
All in the name of killing inflation. Of course, in the process, he destroyed the economy, which only kept going because Reagan borrowed heavily for defense spending.
Yessirree, these guys is Big Geniuses.
Bookmark for later.
Wow! Didn’t know there were interest rate records going back 5000 years.
except those aren’t really consumer interest rates since when? Bush the elder to Bush the younger and on through Obama the liar?
All the central banks have been able to do is slow the fall of this Great Debt Deflation.
they slowed it so much that it has not completed it's killing of already dead wood.
It will bring down innumerable Sovereigns before it's done as very, very few can either pay or refinance their debt...which, coincidentally are held by the largest banks, by law.
The pyramid is collapsing in slow motion.
But... but... shari’a doesn’t allow interest.