COMMENT: Marty, I spoke to a pal on the __________ financial institution in NY, and he stated on gold, take heed to Armstrong. I discovered that fascinating since he was nicely 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 value and timing targets. Overlook the BS about inflation. Gold is rising for the safe-haven demand as geopolitical tensions enhance. Banks that do observe us know that we’re bullish on bullion’s safe-haven standing as nervousness escalates concerning the world economic system. The truth that the Federal Reserve is poised to maintain borrowing prices regular realizes that Keynesian Economics is useless. The rise in rates of interest now not stops inflation as a result of authorities expenditures rise, and politicians will scale back spending as a result of the Fed raises charges.
