Wednesday, May 16, 2018

It’s Not Difficult To Understand Why Gold Could Break-Out And Rally $1000 From Here

“We don’t have the economic strength that everyone is suggesting that we have. Even 2% growth is pretty paltry here … A lot of it is because of government spending money that they don’t have. Which helps GDP, by the way. 

But sooner or later, if you’re spending money you don’t have, you’re not going to be able to spend it the next time, because you truly don’t have it. And the bond market’s going to make you pay for the money, and then you’ll come to your senses and stop spending. 

So I think… we’re all going to find out that the rising market was built on false premises.”

- Source, Sprott