Gold Will Rally In The New Year

In the last few years you've seen gold sell off at the end of the year and then rally pretty strong in the new year because what happens is towards the end of the year people get very optimistic about the future Oh things are gonna get better growth is gonna pick up the economy is gonna take off and so they get optimistic they buy stocks they buy the dollar a little bit they sell their gold and then the new year comes around and the hoped for rebound doesn't materialize and then they buy the gold back and the dollar sells off and and that's I think where we are.

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)

The Tax Plan

I believe if this plan passes we are gonna have a tax code that is more gamable where more people are doing more things to rig the system or exploit the loopholes. Not that there's anything wrong with that I mean that's what every American is going to do righ, no American has a legal obligation to pay more taxes than what is owed and to the extent that you can rearrange your affairs such that you pay the lowest possible tax that's what everybody is going to do and that is why the projections that the Republicans are out there with that this is going to add just 1.5 trillion to the deficit over the next ten years are a bunch of nonsense. I'm sure that it will add more than twice as much more than three trillion to the deficit over the next 10 years.

Federal Reserve: 2 Years To Move The Rate From 0.00% to 1.375%

It's taken the Federal Reserve two years to move the rate from zero to 1.375%. This is an extraordinary amount of excess monetary stimulus to say that the Federal Reserve has been successful in normalizing rates is complete nonsense.

CNBC Becomes Crypto News BitCoin Network

This Bitcoin bubble is the most irrational of any of the bubbles I've seen. I think there is less of a legitimate case for Bitcoin than there was for any of the dot-com stocks that went to zero or buying subprime mortgages.

Wiping Out The Debt With Inflation

I think the problem we are going to be confronted with is going to be much worse than a financial crisis. It is going to be a US dollar crisis, and it is going to be a sovereign debt crisis where the bonds people are worried about are not some sub-prime mortgages,  it’s going to be the U.S. government that people are worried about and the solvency of the U.S. Treasuries.

If it’s a US dollar crisis and people are worried about the US dollar, the only thing worse than owning a dollar today is owning the promise of being paid in dollars in the future. 

I don’t think we have the courage to default and admit to our creditors that we don’t have the money and we can’t repay. I think we will create all the money that we need so we can pretend to repay, but what we end up doing is wiping out the debt with inflation.

Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), iShares Barclays 20+ Year Treasury Bond ETF (TLT)

Money: The Real Alternative Is Gold

People don't trust fiat currencies they don't trust a dollar euro yen they're looking for an alternative and believe me the real alternative is gold and more and more people are going to embrace it.

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)