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One Simple Reason Why Gold Can Still Jump 50%

from Sovereign Man:

Heike Hoffman is a 54-year old fruit merchant in a small town in western Germany.

She has no formal training in finance. She’s not running a multi-billion dollar portfolio.

And yet, as the Wall Street Journal reported on Monday, “[w]hen Ms. Hoffman heard the ECB was knocking rates below zero in June 2014, she considered it ‘madness’ and promptly cut her spending, set aside more money, and bought gold.”

She’s right. It is madness.

There’s $13+ trillion worth of bonds in the world right now have negative yields, much of which is issued by bankrupt governments (like Japan).

Stock markets around the world are at all-time highs even as corporate profits have been in long-term decline.

And in a growing number of countries, even doing absolutely nothing and holding money in the bank means that you’ll be penalized with negative interest.

These risks are even worse for major “institutional” investors like pension funds.

Read More @ SovereignMan.com

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1 comment to One Simple Reason Why Gold Can Still Jump 50%

  • Ed_B

    “And yet, as the Wall Street Journal reported on Monday, “[w]hen Ms. Hoffman heard the ECB was knocking rates below zero in June 2014, she considered it ‘madness’ and promptly cut her spending, set aside more money, and bought gold.” ”

    Indeed so. Many of us have no formal training in economics but we are very well trained in the business of living. What we are seeing central banks and governments around the world doing is absolutely bizarre. Those of us who are “kitchen table economists” know when something is or is not sustainable. We also know that when something is not sustainable, it WILL end… and probably in a whopping financial disaster of some sort. We don’t need multiple degrees in economics to know this because we understand what it takes to live in this world of ours and what we are seeing done is neither sustainable nor rational. It’s just plain nuts!

    Like others on here, I also have a financial insurance fund that I created which holds physical gold and silver. This is my “Oh, S**t!” fund and I do believe that it will come in very handy at some point.

    Those who trust TPTB in government and banking need not concern themselves with buying any gold or silver because TPTB have their best interests at heart and will take care of them when the time comes. But from my perspective, trust is earned and not merely granted gratis. So far, I have yet to see anyone in government or banking earning trust of this magnitude. I will not sacrifice my family’s financial future on the plastic smile of a glad-handing politician or the sly wink and nod of a central banker. Doing that would be incredibly foolish, IMO. But, to each their own, brothers and sisters. Choose as if your life depended on it and choose wisely.

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