⇧ US Debts, Liabilities: Bad State of Affairs | Professor Steve Hanke

• SilverDoctors Published on Dec 14, 2018
  Steve H. Hanke, a Professor of Applied Economics and Co-Director of The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise. He served on President Reagan’s Council of Economic Advisers, has been an adviser to 5 foreign heads of state and 5 foreign cabinet ministers, and held a cabinet-level rank in both Lithuania and Montenegro. Professor Hanke is also a columnist at Forbes Magazine, a well-known currency reformer, and a currency and commodity trader. Silver and gold prices were flat to slightly down for the week. Silver spot price is closing the week down a few cents at around $14.64 oz while gold spot price is ending at $1240 US dollars per troy ounce. Ten dollars less per ounce than last week’s closing price. Concerning some recent discussions on our show, the palladium spot price is closing this week higher than gold’s spot price at $1251 per troy ounce. The last time palladium prices were higher than gold was from the year 2000 to the year 2002, during the Russian palladium supply, short squeeze. That episode saw the then palladium price high reach 4Xs the then spot price of gold. Is something similar to that, about repeat?

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