1971 to 1980 the gold price went from $35 to $800 which is 22x the starting level. In the 2000 example gold went from $260 to 1,900 or 7x the starting level. This bull market began at $1,050 in December 2015. We are up to $2,300 or over 2x the starting level. With the severe monetary dysfunction that we have outlined above we see no reason why the endpoint of this bull market could not be a similar multiple. Even if we do not get to 22x or 7x as in previous bull markets, we will achieve outstanding fund performance even if gold only gets to $3,000 per ounce.
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