Tracking the Gold and Silver Vigilante, Eric Sprott - An Unofficial tracking of his investment commentary
Thursday, January 24, 2019
Why You Need to Own Gold Bullion: Everything Is Going Down
More important than the gold going up is what else is going on.
It’s funny how the macro-theory all along suggested that when the Fed stopped their quantitative easing and rates went up—but particularly the quantitative easing, where they go from quantitative easing to quantitative tightening—that one should have expected the stock market to roll over.
Because the whole 2009 to 2018 was essentially a fraud created by the Fed, by doing things that no one in the history of the financial world had ever heard about before: printing money and having zero or negative interest rates.
Well here we are. Now we’re doing the opposite. Are we surprised that stocks are going down? Well, we shouldn’t be.
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