❖ GOLD IS HEADED FOR $3,000, SAYS CITI
THE PRICE OF GOLD WILL HIT $3,000 A TROY OUNCE IN THE NEXT SIX TO 18 MONTHS, ACCORDING CITIGROUP ANALYSTS.
GOLD'S RECENT RUN HAS BEEN REMARKABLE, OVERCOMING THE HEADWINDS OF RISING INTEREST RATES AND A STRENGTHENING U.S. DOLLAR. IT HAS ALSO CONTINUED DESPITE A NOTABLE LACK OF BUYING IN VISIBLE FINANCIAL AND PHYSICAL MARKETS, LEADING SEVERAL WALL STREET ANALYSTS TO SPECULATE ABOUT A "MYSTERY BUYER."
GOLD'S RALLY HAS BEEN BOOSTED BY GEOPOLITICAL RISK, IMPORTS INTO CHINA AND INDIA AND WHAT APPEARS TO BE FLIGHT FROM TRADITIONAL GOVERNMENT-BACKED CURRENCIES SUCH AS THE U.S. DOLLAR, SAID CITI'S ANALYSTS.
A ROUGHLY 20%-25% GROWTH IN GLOBAL DEBT TO $315 TRILLION HAS, THEY WROTE, SPARKED DEMAND FOR GOLD FROM RETAIL BUYERS, FAMILY OFFICES AND ULTRA-HIGH-NET-WORTH INVESTORS. ...
British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619