Well, if the President and the Chairman of the Fed came out and said, "We're going to raise interest rates, we're going to stop quantitative easing – in fact, we're going to reverse it a little bit – we're going to cut corporate taxes to zero, we're going to eliminate the capital gains tax, we're going to reduce regulation, we're going to make America a magnet for savings and investment. We're going to have an investment-driven model rather than a debt and consumption-driven model, and we're going to have positive real rates."
I would say, "Great. Sell your gold, or put it to one side, because gold is over."
But none of those things are true. Not one of those policies that I just mentioned is on the table.
In fact, the opposite is true. We're getting higher taxes, more regulation, more quantitative easing, zero interest rates as far as the eye can see."
- Excerpt from a recent Business Insider article, read the full article here:
