QUESTION: Sir; Will the Fed start to print money again if the economy turns down and does this not cause gold to rise?

Thank you for your insight in this confusing world of self-interest

SH

ANSWER: No. The gold promoters constantly tout inflation and the rise in money supply must lead to higher gold prices. If you simply do a correlation of gold prices to money supply you will discover that this is total propaganda. Just look at the last few years alone. Gold peaked in 2011 and money supply continued to rise. There is ABSOLUTELY zero truth to this propaganda used to sucker in people who then lost everything. It should be criminal. If you are going to sell medicine, you cannot make claims something will grow hair when it will not or reverse the aging process when it will not. You go to prison for that type of consumer fraud. It is just not prosecuted in precious metals but one day they will and a lot of these people will end up in jail for consumer fraud.

There is no correlation between gold and inflation any more than there is with most commodities. We have the largest database in the world. If there was such a relationship we would be shouting it from the roof-top. The commodities business is highly cyclical. Boom and bust is par for the course. Yet these promoters bury people alive and keep telling them there is no cycle and it is always up, up, and away. This is just outright wrong.

If the Fed increases the money supply that is NOT the issue that will drive gold higher. Gold will rise when confidence in government declines. That is the issue.

There is a time to buy and there is always a time to sell. It’s Just Time.