Gold last reported in early a.m. trading Friday is up following a “weaker than expected,” U.S. jobs report. Let’s just be honest and admit since 2008, the U.S. economy has been in the tank and the only American’s not feeling it are the politicians living high on the hog, courtesy of the American taxpayer. Gold last reported is $1120.10 and silver is $14.65.
To the Fed’s dismay, the Bureau of Labor and Statistics reports a record 94 million Americans are not in the labor force, an increase of 1.8 million in the last year.
We can now prepare ourselves for more intuitive insight from Fed Chair Janet Yellen as she waffles over the, raise, or not to raise interest rate saga. She may use the, “we are patiently waiting and see signs of progress, but,” line or possibly something even better. The lip service has reached all new levels of stupidity.
The Fed finds itself in a game of chicken it can’t win. Raise interest rates, see defaults. Don’t raise interest rates, see defaults.
As long as the U.S. stays on the same idiotic economic path, we are only fooling ourselves to think it will get better. Debt begets debt, not prosperity.
Maybe the reason central banks are purchasing the lion’s share of physical gold and silver is because they don’t trust their own monetary system’s. This is exactly the reason. Physical precious metals are insurance against paper asset losses.
We don’t have to fall victim to fiat currencies and rigged stack markets when precious metals are available. It’s time to seriously consider protecting our wealth.
Give us a call at 1-800-577-3195 Ext. 1 to speak with a sales consultant. We are offering special discounts on the Silver Britannia 1 oz. coin while supplies last.
Gold Goliath is not your typical gold dealer.