More than 40 years ago, during another bout with a sputtering economy and a declining dollar, I made a remark that drew a fair amount of attention. At the time, I had my own radio talk show in Chicago.
Vladimir Putin had a chance to back down from his aggression in the Ukraine after Russian separatists shot down a Malaysian passenger jet.
Unfortunately, he didn’t.
Gold market news, July 30, 2014: On July 25, South Africa’s Rand Refinery – the biggest processing facility for gold in Africa and one of the biggest worldwide – announced it will receive a shareholder loan to make up for “lost” 87,000 ounces (2.7 tons) of physical gold in its inventory. The press release describes what amounts to a $112 million loss at current gold prices, making this one of the strangest stories to hit the gold market in 2014.
The fourth iteration of the Central Bank Gold Agreement (CBGA) has just been signed.
This is amazing. If you thought there was only one component to the gargantuan student debt scam, think again.