“Even though the Dow is at new highs today, it’s at a two- to three-year low if you price it to real money, which is gold. Stocks are not going up, the value of money is going down and gold proves that. What hurt gold up until this year was the widespread consensus that rates were headed much higher and the balance sheet was gonna shrink. I believe now people are starting to realize that all the anticipated rate hikes are never going to materialize.”
Collapsing U.S. GDP Growth Belies Rosey Forecasts
By thepetroleumpress|
2016-07-31T14:27:45+00:00
July 31st, 2016|Categories: Economics, Federal Reserve, Inflation, Interest Rates, News, Politics, QE4|0 Comments
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