Melman on Gold & Silver
December 2021 by Leonard Melman
Over the past few months we have noted a gradual increase in news relating to inflation—but during the past month this gradual increase has accelerated steadily and has now taken on the appearance of a virtual flood.
Like it or not, the US Supreme Court has ruled and the so-called “Affordable Care Act” (ACA) is now the law of the land—and the Tax Code. What’s more, despite the promises of many politicians to repeal it, it may be around in some form for years to come.
Perhaps the heart of our pro-gold thesis is this consideration: governments are inherently inefficient, they attempt to provide services far beyond their genuine fiscal ability and these trends result in deficit financing, growing debt levels and ultimate “watering” down of currency values.
…we cannot ignore the fact that several of the most widely-followed and respected economic voices are now raising questions about the potential near-term development of a full-blown market panic.
Quite suddenly, another major financial issue with significant implications for the world of precious metals has been gaining growing attention. We are referring to concern about looming “currency wars,” and we also discuss that topic...
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