Given the industry climate in conjunction with the LIBOR scandal, I would not doubt that there is a price fix. Although, I question the scale, scope, and economic 'affects' of any fix.
Wednesday, April 23, 2014
with Kitco's Peter Hug. My own opinion is that gold is testing the June 20, 2013 price break, which looking at the last year's worth of trading is a critical focal point of traders and investors. But as Hug states in the video below, if gold breaks to the downside, the triple bottom scenario becomes a greater probability.
The video is about a month old, but it is great to see the Austrian persuasion getting press. But think about the implications there in from Santelli's (Hazlitt) statement for a moment that all credit is debt. Puts the the economy and economic history in modern times in perspective.
Monday, April 21, 2014
Schiff hits the nail on the head here, it is not spending or some other measure that includes borrowed money that the economy should be measured on. It is production. Production is what raises the standard of living. Production is what wealth is built on. Production is the economy. All the arguments for increases spending or that the economy will improve with higher inflation is just a red herring.
This interview comes via Wealthtrack. I may disagree with Heebner on his view of the economy/home builders but still a good interview.