Commodity Trade Mantra

Posts Tagged ‘US Gold’

Debt, Default, and Taxes (DDT) Are Poison

National Debt has been increasing faster than both population growth and hourly wages. The only solution is default, either now or later, either by refusing to pay the debt and/or by inflating the dollar so its value decreases to nearly nothing. With so much paper in the system it is easy to see why the Fed publicly denigrates gold.

The US Gold in Fort Knox is Secure, Gone, or Irrelevant

The Federal Reserve has printed well over $3,000,000,000,000 since the financial crisis of 2008 – about ten times current market value of all gold that US supposedly still has in its vaults. All the US gold, when priced in current dollars, seems rather unimportant in relation to the QE1, QE2, QE3, QE to Infinity, and “print or die” economics.

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