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General Market Commentary
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General Precious Metals
Digital Toilet Paper Is Fuel for Gold's Fire
This year has already been my most successful year of investing by far.
I’ve consistently been bagging gold gains in the order of five- and six-figures.
I’ve never seen anything like it.
Subscribers are having similar experiences and they’ve never seen anything like it either.
This gold trading strategy is already paying off while the rest of the world and markets are witnessing mayhem.
My email box is full of letters from concerned investors who have no idea what to do right now.
Hundreds of companies in the S&P 500 are experiencing negative earnings growth….
Oil actually went negative at one point this year...
You can’t rely on this recovery...
Over 50 million Americans have cumulatively claimed jobless benefits and earnings are in the toilet.
Tens of thousands of new layoffs are announced daily.
And everyone knows that when stocks do go up... they’re only going up because of Federal Reserve money printing and stimulus to the tune of trillions of dollars.
“Don’t fight the Fed,” they say.
But if the Federal Reserve can print unlimited dollars as it has now said... why can’t we all just get unlimited free dollars and be rich?
Because of course, that’s not how reality works.
In reality, all that printing and debt just drives gold prices higher.
That’s exactly what’s happening now.
And there’s no end in sight.
The Federal Reserve announced in response to COVID-19 that quantitative easing would be UNLIMITED...
That means there is no limit to how much paper money the Fed will create to combat this ongoing crisis.
They’ve already printed much more than they did in 2008.
Federal Reserve Chairman Jerome Powell even went on 60 Minutes and told the nation that as a central bank he has “the ability to create money digitally.”
PELLEY: Fair to say you simply flooded the system with money?
POWELL: Yes. We did. That's another way to think about it. We did.
PELLEY: Where does it come from? Do you just print it?
POWELL: We print it digitally. So as a central bank, we have the ability to create money digitally.
That digital toilet paper is just fuel for gold’s fire.
Not even in 2008 did the Fed have a printing press with no cap.
Unlimited CRUSHING DEBT, that’s what is being created.
And now we’re already starting to see inflation and higher costs creep in.