Economist John Williams warns, “This is a very dangerous time both domestically and globally.” Maybe this is why gold and silver prices keep steadily climbing higher. Williams says, “As things get worse here, there is going to be a flight from the dollar into other currencies and, in particular, into gold. Gold is the long term store of wealth here. . . . Where we are ultimately headed here, the precious metals are a long term store of wealth.
Pretty good interview, I like that he presents some new economic data which uses the original calculating methods from the past. There are lies, then there are statistics.
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