Gold Has Never Been so Attractive – LewRockwell (www.lewrockwell.com)

In our lifetimes, we have not seen anything like the developing economic and financial crisis. Rising interest rates are way, way behind reflecting where they should be. Interest rates have yet to discount the continuing loss of purchasing power in all major currencies. The theory of time preference suggests that central bank interest rates should be multiples higher, to compensate for the current loss of currency purchasing power, enhanced counterparty risk, and a rapidly deteriorating economic and monetary outlook. There is no doubt that the majority of investors are not even aware of the true scale of danger that interest … Continue reading →