The US economy just posted its largest fiscal deficit on record according to Bloomberg. The budget shortfall more than tripled to $3.1 trillion, swelling the national debt to exceed the entire US economy. The deficit as a share of the economy surged to 16%, the largest since 1945. Gold hit an all-time high in August. […]
Tag Archives: Warren Buffett
Warren Buffett’s Berkshire stock has tripled the performance of the S&P 500 over the past 20 years. This latest move though says a lot about where we are headed over the next decade possibly.
Gold broke out of a huge 27 year base in 2007 at just over $800 per ounce. Gold initially traded up to $1,000 per ounce and backed off to $700 per ounce shortly after the breakout. Gold then moved from $700 to $1,900 per ounce in three years. Gold has rallied $600 per ounce in […]