On Monday, the Federal Reserve took everything that free-market advocates hold NEAR AND DEAR and blasted it TO SMITHEREENS.
The markets are open, the banks are functioning, food is there for the average American to purchase, for the most part, and the Covid-19 is getting ALL of the attention on the municipal, state and, of course, the federal level. Still, we’ve just SUFFERED the steepest-ever MARKET CRASH that America has ever had to endure.
What gold has done since 1971 has been incredible. Back then, had you bought one Eagle coin, you’d part with $35. Today, a bullion dealer would pay you close to $1,550 for that same coin.
What a year; what a decade. In the past 10 years, the fallacy of the mainstream media has been that FED liquidity is the most determining factor in equity returns, but that’s only a small part of the bigger truth.
My followers already know that I use a combination of physical gold and mining shares to get extra leverage on precious metal price moves. I only select a small handful of mining stocks per year for my watch list.