The Crisis of Ownership - SchiffGold.com
The Crisis of Ownership - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
SchiffGold calls it a crisis of ownership, but the real crisis is that no one owns anything outright anymore. Gold fell 21.6% from its January high despite an oil shock, an active war with Iran, and a federal deficit running at $1.9 trillion — because the Fed raised rates once and suddenly collateral matters again. When your hedge only works if rates stay suppressed, you don't own a hedge, you own a leveraged bet on monetary policy.