“The U.S. Will Go Broke.” The Case For Gold - Weekly Wrap-Up (Jan 11, 2019)

Jan 11, 2019

As the end of year rally continues into January, it’s time to look ahead to tax season. But when you make your final retirement contributions for 2018, should you add precious metals to the mix? Eric Sprott breaks down all the gold and silver news you need to protect yourself for the bumpy ride ahead.

In this edition of the Wrap-Up, you’ll hear:

• Why banks are capping silver prices.
• The “stunning news” that just hit the gold market
• Plus: Which countries are seeing all-time highs

“There’s no doubt that the budget deficit situation has really deteriorated markedly. Particularly with the whole decrease in tax rates for corporations, the almost unconstrained spending of the U.S. government… And we talk about a trillion dollar deficit, but the debt always goes up by a trillion and a half when you have a trillion dollar deficit, for some miraculous reason. So, it’s way beyond what they suggest the deficit is, because the borrowing is considerably higher. Plus, of course, we have the unfunded obligations. The one thing that I’ve always had confidence is saying is: The U.S. will go broke.”

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