No one is questioning how the country can possibly afford such sums, and that’s EXACTLY the attitude they want to cultivate… by Simon Black of Sovereign Man Well, it’s official. […]
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Gold contracts presented for delivery in London have been defaulted on, while other deliveries have been fulfilled only partially… by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear […]
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US intelligence officials were already warning of an outbreak as far back as late November. Here are the details… by Franz Walker via Natural News (Natural News) As the world continues to […]
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With central banks around the world,creating trillions and trillions of fiat currency out of the thin air, not to mention the… Chris Powell interviewed by Rory Hall via The Daily […]
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The world as we know it is being sabotaged for the sake of power. Not money, but POWER… by Brandon Smith via Alt-Market It has been only two weeks since […]
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Bloomberg/Tim Duy/4-7-2020
“That bounce, however, won’t be a full recovery. There are two broad obstacles to a V-shaped recovery. First, expect some persistent damage to the economy as the result of firms going bankrupt and the severing of employer-employee relationships. The CARES Act, with its enhanced unemployment benefits and aid to business, helps minimize this damage, but it remains insufficient to stem all the bleeding.”
USAGOLD note: Oregon University economist Tim Duy addresses objectively the questions on many investors’ minds as we move deeper into the fourth month of this crisis – which now seems like it has been with us for years, not months.
Source: U.S. Treasury Department
USAGOLD note: The U.S. national debt is now less than $100 billion short of $24 trillion. Over $700 billion has been added since the first of the year and $500 billion has been added in the month of March alone, as shown above.
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Reuters/Eileen Sorenjg
“The latest published numbers show record stocks of 8,326 tonnes of gold in London, which is equivalent to 666,045 standard 400-ounce gold bars, according to the LBMA, which oversees the London trade hub. Meanwhile, CME said its New York depositories held 9.2 million ounces of gold with 5.6 million ounces eligible as of March 30, nearing a record high in terms of stock levels.”
USAGOLD note: So why the angst and attendant hullabaloo about a COMEX gold bullion shortage over the past ten days?
Repost from 4-2-2020