The Reality of Available Gold & Silver Bullion @SchiffGold http://bit.ly/1INNf4F
— Peter Schiff (@PeterSchiff) July 30, 2015
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- #Republicans are about to run larger deficits when the economy is supposedly booming, than #Democrats ran into 2009 when we were in the Great Recession. Can you imagine the size of the Republican deficits when the economy slips back into recession?
- Earlier this week, the New York Fed released the latest data on US household debt, revealing it has grown to a record $13 trillion. Americans have been spending, but they’ve been putting a lot of it on plastic. http://bit.ly/2EGkudw
- According to the Silver Institute 2018 Market Trends report, the silver market faces growing demand and shrinking supply in 2018. These supply and demand dynamics signal increasing prices in 2018. http://bit.ly/2mP2gf5
- APMD surveyed 25 leading precious metals dealers. The average of their estimates for the price of gold at the end of 2018 came in at $1,461.33 an ounce. That would represent close to a 12% increase. http://bit.ly/2BuGFxO
- The widely accepted myth embraced by stock market investors that the U.S. economy has improved under #Trump will likely shatter in 2018 as rising interest rates, consumer prices, and unemployment result in stagflation.
- When Obama was running these big deficits, the Fed was monetizing them with trillion dollars a year of QE's. Now, they’re not doing any. So, that means we’re going to have a massive increase in interest rates. That means stocks collapse. http://bit.ly/2BTx6Mr
- #Bitcoin just traded down to $6,000. That is 70% below its record high set in Dec. 2017. How much lower will the price have to fall before the HODLers FODL? My guess is most will hang on until the price is well below $1,000. Then the big problem will be finding buyers!
- The fact that the dollar and bond prices are falling together is a very, very bad sign that everybody is ignoring. The bond yields aren’t high enough to offset the losses in the foreign exchange. http://bit.ly/2DMF5MP
- When is fake news going to stop the false narrative that Obama never achieved 3% GDP growth but Trump did? 2.3% GDP growth for 2017 does not qualify as 3%. Plus a downward revision to Q4 will result in 2017 GDP growth being lower than the average recorded during Obama's 2nd term
- The World Gold Council is not necessarily negative on Bitcoin, saying “cryptocurrencies may become an established part of the financial system.” But the WGC does make a strong case that cryptos will not replace gold. http://bit.ly/2ncfp1T