Here's Why The Gold Price Could Really Soar Over The Next Two Years
Here's Why The Gold Price Could Really Soar Over The Next Two YeaRS
Just a few days ago, the Federal Reserve announced plans to print $60 billion per month and loan it to the US government.
What value can money really have when it can be created from nothing and loaned, practically for free, to the federal government?
Were you or I to do this, we would go to prison on counterfeit charges. When the central bank does this it’s called ‘Quantitative Easing’.
This is why, more than five centuries after Columbus, and more than 5,000 years since it was first used as a form of money, gold and silver are still extremely relevant today.
Think about it: in the last ‘fiscal year’ (October 1, 2018 through September 30, 2019), the US economy couldn’t have performed better.
Corporate profits were at record highs. The stock market hit record highs. The IRS collected record tax revenue. There were no major natural disasters, wars, or crises.
Yet the national debt still increased by nearly $1.2 trillion. And the Treasury Department expects similar increases this Fiscal Year, and into the future.
Bottom line, there is no sound currency with strong, long-term fundamentals. And that’s why so many foreign governments and central banks are buying (literally) tons of gold.
Read the full article here.
By, Tyler Durden
Sourced from, ZeroHedge 2019