There is a new video on You Tube called "Breaking inequality". At the beginning you see Ronald Reagan talking to congress and trying to picture what a trillion dollars meant. The way he explained it was as follows:
If you had a stack of $1000 bills 4 inches high in your hand you would be holding $1 million dollars. To hold a $ trillion you would have to have a stack how high ? Guess .
67 miles high !!!!!
In those days the US national debt was $1 trillion. It is now $16.7 trillion.
The video talks about a US wide petition being handed in to government on 4th Sept to lobby for return to a gold standard. It is interesting.
I think there is a good chance that gold will resume its bull market run ... Not least because Japan, Europe, UK have joined in .
NCM Price at posting:
$14.68 Sentiment: LT Buy Disclosure: Held
