Friday , 29 March 2024

The “Brain-Dead Gold Award” Goes To the U.S.! Here’s Why (+2K Views)

Ever since the world suffered a near collapse of its economic and financial system in 2008, Multiple-forms-of-gold-bullioninvestors throughout the world have purchased physical gold in increasing volume.  Everywhere, that is, except if you lived in the United States where the opposite was the case. Here’s why.

The above introductory comments are edited excerpts from an article* by Steve St. Angelo (srsroccoreport.com) entitled PHYSICAL GOLD INVESTMENT: The United States Ranks Worst In The World.

St. Angelo goes on to say in further edited excerpts:

Why was that the case with Americans? Because of the wonderful job the FED and U.S. Treasury accomplished by totally bamboozling its citizens into believing the financial crisis was over and they now had everything under control.

The opposite is the case, of course, but you wouldn’t know  it if you visited any of the typical large suburban “restaurant rows” in the U.S..  It’s standing room only, especially on a Friday night.  Why should Americans buy gold when they could drop a $100 bill at the Outback Steakhouse on Friday, $150 for attending a college football game on Saturday and another $250 for a NFL game on Sunday??

Times are good and Americans are spending fiat money hand over fist – – until the next major financial crisis hits.If we take a look at the chart below, we can see how every country-region in the world increased their physical gold investment from 2008 to 2013… except the United States:BRAINDEAD Award USAThe only region that purchased less gold than the U.S. last year was the Middle East.  However, the change from 2008 to 2013 was still positive, while the United States declined.
The United States wins the BRAIN-DEAD GOLD AWARD on the planet for being the only country-region that stated a decline (-12mt) in overall gold investment between 2008 and 2013.

Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

*http://srsroccoreport.com/physical-gold-investment-the-united-states-ranks-worst-in-the-world/physical-gold-investment-the-united-states-ranks-worst-in-the-world/ (© 2014 SRSrocco Report. All rights reserved.)

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