Am i reading this right ...., page-14

USA going way past $20 trillion and with a annual deficit $1tn+ with any interest rate rise making that deficit a whole lot larger. Likewise China debt growth on steroids. IF anything the fundamentals for Gold get better every day as currency is heavily diluted globally, and the possibility of interest rate rises blowing up the whole show.

The genuine economic (as opposed to official) indicators of the USA are disastrous and continue to decline despite the mantra. Hence Trump.

The price of gold is a paper price and has been entirely manipulated, often in the extreme, since it peaked around $1,900 We have in the past, from time to time, seen billions of dollars of gold contracts dumped in minutes an in thin markets for the very purpose of keeping a lid on gold. We much earlier saw the Fed dump 400 tons of gold in a few hours.

But it is not just gold paper manipulation, it is also tied up to the FX and interest rate market, options market, rather than a pure gold supply and demand market.

Rest assured the intrinsic value in fiat of gold is going up daily if you want to measure it against currency dilution, economic failure risk. And when you have massive govt and domestic debt, interest rate rises are a high risk factor and make gold favourable hedge. The rises help return on cash, but more worryingly increase the risks of widespread loan defaults.

NST is guilt edge company because of its AAA fundamentals. And there are not too many of them around. If you had to stash your money away from a bank and out of cash and in the stock market there are not too many safe places.