Barclays bank:- Short Gold its going to get KILLED!

[mliu_01]

Re: Barclays bank:- Short Gold its going to get KILLED!

What's bothersome is that when that happened in the very late 1970s it marked the late stages of the precious metals bull market. A classmate of mine in university was a subscriber to Howard Ruff's newsletter at the time and I remember him urging all of us poor starving [and bemused] students to load up on bags of junk silver and stash dried food [or something like that] to survive the "coming hyperinflation". What came instead was Paul Volcker... Oooops....

Not now. they can't raise the interest rate pass 5%.

At that time US has 0 debt. Now they have how much???

without 20% interest rate. who will save their toilet paper in banks?