The Only Thing That Glitters Is Gold – Andy Schectman
- Kerry Lutz’s Financial Survival Network
Andy and I get on the podcast today to debrief the flash crash in Gold; 24,000 contracts were dumped and prices drastically went down. This was intended to produce a major shock factor in the market. This makes for an excellent buying opportunity as markets do not always behave this way, and the price will most likely shoot back up again due to the high demand. We talk inflation, debt, and the realization of modern monetary theory—all of which are worth thinking about in the current economic state.
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Central Banks Are Buying Gold Like Mad! Why? You really need to watch what central banks are doing rather than what they are saying because, more often than not, their words are designed to get the masses to behave in a manner that best protects their shareholders and governments that depend on them. The least of their interests is the public as a whole. In the U.S., the Fed’s shareholders are major money center banks. So while the Fed and western central bankers show no desire to buy gold (although Germany demanded delivery of what they owned overseas during the last few years), nations that are building their gold reserves are those not aligned closely to the U.S. Empire.