COMMENT: Marty, I spoke to a good friend on the __________ financial institution in NY, and he stated on gold, hearken to Armstrong. I discovered that attention-grabbing since he was effectively up there within the Financial institution’s meals chain. He additionally stated that is geopolitical, not inflation.
Kevin
ANSWER: Properly, as I’ve stated, gold’s not stopping when it’s geopolitical. We gave our worth and timing targets. Neglect the BS about inflation. Gold is rising for the safe-haven demand as geopolitical tensions improve. Banks that do comply with us know that we’re bullish on bullion’s safe-haven standing as nervousness escalates concerning the world financial system. The truth that the Federal Reserve is poised to maintain borrowing prices regular realizes that Keynesian Economics is lifeless. The rise in rates of interest not stops inflation as a result of authorities expenditures rise, and politicians will cut back spending as a result of the Fed raises charges.
