The gold market thrives on uncertainty, and there is uncertainty everywhere you look these days. Posted by James Randolph on February 14, 2011
Find shelter from uncertainty in the gold market.
February 14, 2011 – The gold market thrives on uncertainty, and there is uncertainty everywhere you look these days.
The middle east is in an unprecedented state of rapid flux and no one can even begin to imagine what the future holds for the region. China has ascended over Japan to be the world’s second largest economy, increasing its GDP tenfold in just the last 16 years. With the greatest western economies perilously close to collapse China might well become the world’s leading superpower in the not too distant future. We in the USA better get serious fast or get left in the dust.
But in Washington, it’s business as usual. Sure, they’re paying lip service to bringing down the debt, but behind the scenes they’re busy making points with the public while the real waste goes on unchecked. And some of the proposed cuts could have rapid and devastating consequences.
One such brilliant idea is to slash funding to the states, the majority of which are already sinking fast. That poses an immediate threat to our already crumbling infrastructure, the effects of which could take decades to overcome. And the ripple effect on our counties, cities, and villages would be catastrophic. But apparently it is more important to keep funding defense projects that even the military doesn’t want than it is to keep the lights on or to hold the water behind our dams.
We need rational and responsible representation to get us back on track. We need a government that is unafraid to make unpopular decisions. We need real leadership that respects us enough to tell it like it is. Instead all we have is a bunch of self-seeking politicians that never gets off the campaign trail.
Let them fiddle while Washington burns, and head for shelter in the gold market.
Senior Staff Writer – Certified Gold Exchange