Central banks are buying gold at the fastest pace in six years

Sovereign Man/Simon Black/5-14-2019

“And if the Bolsheviks come to power next year and offer free goodies (paid for with more debt) to anyone with a pulse, the debt burden will explode. Anyone who thinks owning 10-year US treasuries – or even worse, 30-year government bonds – is risk-free, is completely insane. The dollar’s problems aren’t limited to the US government’s pitiful finances either.”

USAGOLD note:  In this entertaining and instructive essay, Simon Black states the case for gold ownership in no uncertain terms of which the snippet above is an example.

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