Sound money activists have long pointed out it is inappropriate to apply any federal income tax, regardless of the rate, against the only kind of money named in the U.S. Constitution. The IRS has never defended how its position squares up with current law.
Not only is gold in a bull run, but it has entered the phase which can be compared to a bank run (as previously explained) on the world financial system, with the US dollar financial system acting as the world banker.
On net, central banks globally increased their gold holdings by 16 tons in March 2024, according to the latest data compiled by the World Gold Council. Buyers added 40 tons of gold to their reserves. This was offset by a net 25 tons in sales.
The market is two months into Gold's breakout from its 13-year cup and handle pattern. Even as Gold and Silver correct, the miners show relative strength and hint at what will come.
Grandich says the recent gold market slowdown might be over, and expects slow but steady growth toward a target price of $2536. Emerging economies, like the BRICS nations, could boost this growth.
So, we should crash and burn from a cold economy and hot inflation simultaneously. Can anyone say “stagflation” loud enough for Powell to hear it? There is nothing the Fed can do that will work here.
We are living in a post-truth society where billions spent on pointless wars are “not a whole lot of money.” But the piper will be paid and the debt will be cleared.
The Milkshake Theory assumes that the dollar will always remain the reserve currency and thus serve as a safe haven. But what happens if the world loses faith in the dollar?
