BREAKING NEWS: IRANIAN LAWMAKER SAYS CLOSURE OF KEY STRAIT OF HORMUZ UNDER CONSIDERATION
Wow.
“Iran is considering blocking the Hormuz Strait in the Persian Gulf, which sees more than 17 million barrels of oil pass through it every day…”
I have spent over a decade calling out economists because they rewrite the rules every time reality taps them on the shoulder. When problems bubble to the surface. They fade away into the dark.
The leader of the central bank in Greece said last week: “Nobody is happy about what’s going on in economic policy and trade policy in the US, but if it continues, I’m afraid the dollar will lose some of its status.” It is a new world…
When trust evaporates, gold reappears:
Sometimes, I think about the term ‘gold bug’ and how people mocked anyone serious about gold as crazy. Now, it’s the world’s second-largest reserve asset and a key piece on the geopolitical chessboard.
Today, with everything unfolding, it’s almost reckless not to pay attention to gold. The lesson… The things power mocks are usually the ones that threaten it most.
I have posted this before, but it’s worth highlighting again.
This is a gold ATM in China. It melts the gold and transfers the amount corresponding to its weight to your bank account. The future is calling.
“It’s either print money or don’t. It’s either rates down to zero or not. That’s how desperate we are now. I see bazooka money before I see a reset. I see massive fiscal spending, etc. Gold is definitely a part of the future.” — Matthew Piepenburg
Much has changed since my conversation with Matt. Gold is back near record highs as debt warnings grow louder and geopolitical crises spin further out of control.
