The $100 Overnight Gold Spike
Mr. Trump blames the Fed for creating a “false stock market”, believing that the low interest rate policies engineered by the Fed has not revived real growth but instead created a “false economy” which could lead to the next global meltdown.
He is right, this time. America’s position as the world’s largest debtor is its Achilles’ heel and despite flexing its financial hegemonic powers, America must rely on others to finance its deficits. America’s overwhelming national debt has already reached a peacetime record at levels where other countries have spiraled into default.
We would agree that gold would jump to much higher ground should Donald Trump win this election.
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