The 'Bond Vigilante vs. Fed' Mantra Makes No Sense
Small wonder Washington, D.C., has us increasing federal spending to an average of at least $4.6 trillion for each the next 10 years. If it doesn't cost anything, why not? And why stop there? Why not $5 trillion per year? $6 trillion? Hey, pick any number you want.
Bottom line: If we return to a world where the laws of economic gravity come back to reality, the crash will be epic and sudden. Is there any way to protect yourself other than to buy GLD?
At the time of publication the author had a position in GLD.
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