I don’t use my newsletter to express my views on American politics, and keeping true to form, the following video titled France’s Reckoning: Rich, Young Flee Welfare State is about France. But there are some lessons to learn from this and as our friend Bobbi said, when she sent me this. Didn’t we see this coming?
France’s Reckoning: Rich, Young Flee Welfare State
Indirectly, Jim Cramer of Mad Money fame touched on a variation of the same subject, without being overtly “political.”
I think the link above and Cramer’s article are relevant to this blog, because they will ultimately reflect the value of the U.S. dollar and the economy, and therefore with gold and silver.
03/08/2014 21:22 -0400
Presented with little comment aside to note that when ‘work is punished’ the demise of ‘opportunity’ will continue…
The painful reality in America: for increasingly more it is now more lucrative – in the form of actual disposable income – to sit, do nothing, and collect various welfare entitlements, than to work.
And that trend appears to be accelerating as more and more men drop out of the workforce…
and the demise of opportunity continues unabated…
… “life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement” regardless of social class or circumstances of birth (or amount of stock ownership).
Check out these articles from Money and Markets, Casey Research and Ed Steer:
How Empires Die and the Lessons to be Learned – MoneyandMarkets.com
Gold Is Seasonal: When Is the Best Month to Buy? – CaseyResearch.com
Chinese Gold Demand is 418 Tonnes YTD But Western Analysts Are Confused – CaseyResearch.com
What? You’re surprised that I am inserting an article by Larry Edelson? I think I’ve made it clear, several times before, that my issue with Larry is that his influence on his readers is to make them think like a “trader” and when it comes to physical gold and silver, you do not trade them. You buy them, put them away and hold on tight for a rainy day, that you hope never comes (but deep down you know will come).
Gold, this morning, is $1,351. If it holds, $1,400 is clearly in play. Larry still has his readers on the sidelines since the $1,150s were hit twice last fall. He is still waiting for a lower bottom that his charts tell him is coming. I guess he didn’t ask the Chinese what they thought about waiting for a bottom in gold. They keep piling on order after order, setting import records as the price RISES (actually they are the main cause of the rise).
Koos Jansen: Chinese gold demand is 418 tonnes YTD but Western analysts are confused – ingoldwetrust.ch
Gold researcher and GATA consultant Koos Jansen explains today that while a Citi Research report has done a little better in calculating China’s gold demand than other Western sources, the report still grossly underestimates it. Jansen’s commentary is headlined “Chinese Gold Demand 418 Tonnes Year to Date, West Confused” and it was posted at the Swiss Internet site ingoldwetrust.ch on Sunday afternoon Europe time. It’s another story I found in a GATA release.
But, that doesn’t mean that Larry doesn’t have a lot of interesting and valuable things to say – and this time, he didn’t even bother to tell you to wait before you buy gold and silver.
Our good friend Jeff Clark presents an interesting and probably useful chart that suggests that March is the BEST MONTH of the year to buy gold. Why? Because March is the WORST performing month of the year for gold. Thing is, so far, one-third into March, gold is moving up. It’s right at its high for the month. Will the trend continue?
We shall see, but if it does and if gold finishes the month with a strong move up, the bear market looks more and more like it ended on December 28th, in the high $1,100s.