The worth of gold in the world is growing by the day. That might seem like a paradox but it isn’t. The worth of gold is not fixed on the Comex futures exchange, or the trade in London or Zurich. True, most of the gold-trading public takes its cue today from the CME’s COMEX gold futures price where it does …
Orwellian Global Economy? “Backwardation”, Negative Interest Rates and the Gold Market – Bill Holter
We live in a truly messed up and Orwellian world if you will. In many parts of Europe, interest rates are negative. Savers “pay” for the privilege of banks to hold their money, lenders pay sovereign treasuries to lend, new homeowners who borrow to buy property are paid to borrow. This situation where borrowers get paid and lenders pay also exists …