Silver dropped below $20 this week. Im a little tight on cash right now, but if it stays below $20, I may pick up a few eagles later this month.
The monetary base is now well over 4 times what it was in 2008, over10 times what it was 1994,20 times what it was in 1984.
Monetary base:The total amount of a currency that is either circulated in the hands of the public or in the commercial bank deposits held in the central bank's reserves.
Chart updated weekly by the Federal Reserve bank of St Louis.
Monetary Base; Total - FRED - St. Louis Fed
How is that money moving through the economy?It isn't.The velocity of money is lower than any time in the history of the Federal Reserve.
Velocity of money:The velocity of money is the frequency at which one unit of currency is used to purchase domestically-produced goods and services within a given time period.
Velocity of M2 Money Stock - FRED - St. Louis Fed
Middle class Americans: Not so wealthy by global standards - Jun. 11, 2014
"Americans tend to think of their middle class as being the richest in the world, but it turns out, in terms of wealth, they rank fairly low among major industrialized countries," said Edward Wolff, a New York University economics professor who studies net worth.
Median US citizen net worth drops to 19th ranked in the world at $44,900,Australia soars to 1st at $219,500.
After reading it again I am going to agree with you.Without the methodology it is pretty much a propaganda piece about how much better off everyone in socialist utopia land is than you.Article seemed biased. Sounded like they were trying to stir up envy and promote socialism.
I'd like to see the methodology they used to calculate net wealth. Artificially inflated housing prices along with other factors... It's fairly easy to manipulate stats.
I'd like to see the size of government stats side by side too. Tax brackets, .gov % of GDP...
10 year US treasury just broke below 2%.
S&P just went negative for the year as well.
Interesting times.
http://www.zerohedge.com/news/2014-...-team-sp-red-year-10y-under-1-europe-crashing
I think everyone knows subconsciously that it is going to get worse before it gets better.
I'm waiting to see how the Christmas season goes.
Just noticed the spot price of silver is around $15.50 and seems to be heading down. I'm out of it, but when it nears the bottom I wouldn't mind buying some like I should have 5 years ago.
When it nears the bottom? Good luck identifying it at the time. I just bought some more this morning.