Commodities Analysis by Doug Eberhardt covering: XAU/USD, XAG/USD, Bank of America Corp, US Dollar Index Futures. Read Doug Eberhardt's latest article on Investing.com
being a useless relic at around $1,000 an ounce all the way up to $1,600. They would mock gold saying, “You can’t eat it.” I created this video mocking them mocking gold.suppressed. JP Morgan was fined $920 million and many other banks paid fines and people went to prison for precious metals market rigging.
Convictions for Smith, Nowak and a third trader who was found guilty in November, Christopher Jordan, capped a string of wins by prosecutors in spoofing cases targeting some of Wall Street’s biggest banks, including Bank of America Corp, Deutsche Bank AG and Morgan Stanley. Two former Deutsche Bank and two former Bank of America traders previously each received one-year sentences.
So while the dollar has moved higher, silver, for example, purchasing power has been maintained. With the current spot price of silver being $20.99, and a pre-1965 quarter containing 90% silver, exchanged into dollars, it’s presently worth $3.79. $3.80 if you add in the value ofWhen the dollar begins its next leg down, which I calculate to be a minimum of 30%, silver purchasing power will increase by at least that much.
According to the former now passed Dow Theory Letters writer Richard Russell, our government has only one choice to pay off any national debt which both parties never address but vote in another round of spending instead, lifting the debt limit to the present $33.4 trillion: Inflate or Die.
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