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« A Powerful Weapon of Financial Warfare—The US Treasury’s Kiss of Death | Main | Can You Put Your Brainpower into Overdrive? »
Tuesday
May052015

The Strange Case for Gold

"Right now, you are better off with $1200 in cash than $1200 worth of gold. The dollar is king right now." - Martin Armstrong

Posted on May 5, 2015 by 

QUESTION:

Hey Martin,

Years ago, I thought I was so smart.  Silver was 5 and gold was 300.  I was pretty young and did not have a lot of money. I purchased 30k worth of silver coins and some gold coins.  My thought process was that silver, most likely is not worth 0.

As both metals were rising every year, I felt it was because the fed was trapped.  We can never have high rates or real rates bc the debt load was too high and once you commit to constantly easing and needing inflation you can never go back. I never thought QE and all that monetization would have taken place like it has.  However all that fed action made me even more bullish on the precious metals. 

Not because of inflation, I never really understood why we would have a hyper inflation simply because the govt was not handing out money to people. I know damn well I was not getting a check.

read more....

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