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Andy Grave

11/06/15 11:00 AM

#142808 RE: mas #142798

The Japan numbers are not from Schiff........obviously you don't value true price discovery and free markets. Do you really think the current market is priced correctly and is not exclusively the product of FED manipulation? Who gave the FEDs that mandate? The FED is nothing more than a bunch of PhD academic wonks. I can assure everyone here they don't teach common sense in PhD school. The current market cap is over 120% of GDP.....the second highest in history (next to 2000) and higher than it was in 2007 before that crash,. The long term average is about 60% of GDP. Does this not worry you? I don't own any gold and am not in the market. I just can't envision this all ending well. Japan looks hopeless. I think China is far worse off than they admit. Europe seems intent to commit suicide. The US will be 20 trillion in debt before any meaningful reform and only then IF a conservative R gets elected. I make that at less than 50% chance