In the 1964 movie "Goldfinger," James Bond tries to prevent the villain from detonating a nuclear bomb inside Fort Knox. It has been argued that it wouldn’t really make a difference if the gold in the fort were radioactive – nobody has seen much of it since the 1950s.
The spot gold price climbed back above $1,715 an ounce Wednesday morning, around ten dollars up from last week's close, as stocks, commodities and the euro also edged higher and US Treasuries dipped, ahead of today's Federal Reserve policy announcement.
The sad fact is that the economic reality for the average family is far worse today than it was ten years ago… even fifteen years ago, and the trend of declining wealth is firmly in place. The youth need higher paying jobs and the retirees need yield.
We note the contrast between the reporting companies who by law cannot lie about their fiscal realities, versus central planners who admit that they must lie to preserve calm and control. We'll leave it to you to decide whose version of the truth you want to believe.
The real point of modernizing railways, and the major reason for China's global push for High Speed Rail, is the increased movement of cargo - a shift in passenger traffic to the new high speed routes frees up space on older, now congested legacy lines.
Gold and silver bullion are the ultimate form of financial insurance and in these uncertain times all investors and savers should have an allocation and own this essential insurance in the safest ways possible.