"Regarding the idea that gold and silver were going to get crushed," he notes, "I have been saying for two months that the pullbacks would be quick and shallow...Sorry, but Mr. Market not going to give them a second chance [to get on board.]"
Ordinary people might wonder why gold needed any adjective, much less "physical." But the Journal presumes that the primary manifestation of the metal in the financial markets isn't "physical" at all but something else...
Consumers are not buying. Sentiment continues to fall away quickly, regardless of Powell’s and Biden’s hot air about the economy remaining fundamentally strong.
We seem to be regressing back to the time when physical gold—“specie,” as they called it—was the measure of power. And this time it’s gold plus a bunch of modern gold equivalents like microchips.
Jan Skoyles looks at seven charts and headlines that warn all is not well in the global economy, including US spending, unofficial consumer debt, and amnesia-riddled central bankers.
The Sound Money Index is a strategic part of the Sound Money Defense League’s efforts to promote gold and silver as sound, constitutional money across the United States, supporting legislative changes that align with this goal.
We live in a universe where the Fed makes its own special accounting rules, and according to its own special accounting rules, a net loss magically transforms into a “deferred asset.”
