Bud Conrad, Chief Economist for Casey Research, discusses the current gold market.
Click download link to listen on this device: Download Show
Thanks Bobby,
Just read it.
Big Al
A good read Bobby, I dont get enuff of both sides of it sometimes.
I completely agree benb,
People need to be completely aware of both sides of every story.
Big Al
Time to issue some Grand Jury subpeonas but don’t count on it given the makeup of the Justice Department, Treasury, CFTC, SEC and the White House or as POGO once exclaimed: “We have met the enemy and it is us”.
You otta know, Dai Uy!
Big Al
I too remember the 70’s, 80’s and 90’s. This time is different fundamentally in that the Western banks and governments are leveraged beyond repair.
Similar sentiment and charts between then and now show a lack of trust in both government and the economic functions of currency. In the 70’s the US was downgrading itself with Vietnam war, political corruption and currency risk as represented in stagflation. Today these similarities are multiplied many times, Wars that make Vietnam look puny, corruption in government that make Watergate a joke, debt of all western nations being papered over by the hundreds of trillions not just billions and the list goes on.
Soon however the rest of the story will play out when stagflation goes into hyper-drive as the dollar is no longer used as world currency reserve. Bond collapse is coming. Sovereign debt exploding in many places, Europe, Japan, US, etc. etc.. Militarization of the US with brutal enforcement corresponding to total breakdown of law and order. These and more will break nations apart by pitting the citizens one against the other all for the fear of disorder.
Individual efforts in trying to get ahead will be replaced by trying to preserve which depending on the overall attitudes of people will either be replaced with a new Renaissance in civility of equal justice and respect in rights and private property or complete breakdown of the US into warring factions. Darryl Schoon sees a new Renaissance where America rebuilds itself after the destruction and removal of the Federal Reserve and its associates both public and private. Personally, I like Darryl’s view better than my own although in all probability the change will be somewhere between.
interesting post on the long gold buying queue in Singapore….
Big Al. . . I got much substance out of Bud Conrad’s commentary, and think he would be a valuable contribution to the KE report if Casey will let him talk freely. I guess he acts as advertising for their publications, which is only fair.
Last month I bought a roll of silver eagles when silver was around $28.50 an ounce. The eagles were priced at $32.30. So I felt like a chump when silver crashed to $22-$23 last week. . . That is until I checked the price of eagles on the APMEX site. The premium had expanded to $10.20 per coin (44%) for eagles available to be shipped that day. 2013 eagles are offered at $7.00 premium over spot, but they don’t ship until April 30.
Concerning your wordpress webpage through a considerable amount of photographs published regarding any such web-sites. I need most of the pics that should be located into my wordpress blogging. AS I usually do not prefer to physically down load every shots along with restore these people inside threads, i need one thing to accomplish this conveniently.. Paul Smith jeans http://paulsmith.susodetoro.net/
This is the point that I was trying to make yesterday, Thank you Martin:
http://armstrongeconomics.com/2013/04/23/failure-to-understand-the-commodity-market/