Since the beginning of this century that household, in real (median income) terms, is down about 10%. The greatest fall since the Industrial Revolution began in terms of real median incomes. That’s a number that probably exceeds the fall in real incomes that we saw during the depression. All of these (types of) things puts the US in a box, and it’s going to make people less willing to accept the dollar.
In the meantime, every time you see a big drop in gold, the people smart enough to buy it are the people you want to bet on. In this case, those people are the Chinese.”
Read the complete article at King World News here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.