Loading ...Correction: re “We are going thru the rapids” should be, the gov’t, the Fed and Financial System, is going thru the rapids after 50 years of accumulation of errors. They can’t win because they already lost. Look at gold holding $1800. Even with a high valued US Dollar.
If they really start raising rates to calm inflation in bit coins, stocks and real estate, those people will be looking at, and rotate back into gold, (and silver) the neglected original best inflation hedges. Funny, even in the first Great Depression, Gold went $19 to $34 79% higher, but banned ownership.
I heard many people sent their US gold eagles to Europe when it was banned. Europe is like a spoiled favorite child. They always get whatever they want.
Even during our Silver and Gold boom during the 1970s, a big redemption center owner told me everything they took in was going to the docks in Manhattan to be shipped overseas. A lot of our classic cars get exported over there too.