Commodity Trade Mantra

Posts Tagged ‘Bank Account Tax’

The Looming Bank Run Will Send Gold Prices to $3,000+

How do you think the government would react to the ultimate financial crisis…a bank run that locks Americans out of their own bank accounts? Right now, less than 1% of Americans own a single gold or silver coin. If that number rises to just 2%, it would create a huge demand for gold. It could easily push gold prices to $3,000 or beyond. And easily push silver prices to…?

Gold and Silver Can Protect You from the Coming Bank Account Tax

Deutsche Bank thinks central bankers should go directly after people’s savings accounts. In other words, it’s lobbying for a wealth tax—or “bank account tax”—that would be a more radical version of negative rates. A bank account tax would promote more reckless borrowing and spending than we’re seeing already. When people realize it, they’ll pile into gold and silver.

follow us

markets snapshot

Market Quotes are powered by India

live commodity prices

Commodities are powered by India

our latest tweets

follow us on facebook