Whitney Tilson, the analyst CNBC once called The Prophet, says the midterm results point to a major shift ahead. He called the dot-com crash in 2000 and the Bear Stearns and Lehman Brothers collapses during the financial crisis. Now he says these election results could reset how markets divide winners from losers over the next six months. He lays out the full details in a new briefing…
The government still values its gold at $42 an ounce, a price set by Congress in 1973 and never updated since. Gold trades over $4,000 today. A bill moving through Congress would require the Treasury to reprice America's gold holdings to market value, closing a gap of roughly 95 times. More than 60 million Americans qualify to move a portion of retirement savings into physical gold…
The U.S. government still values its gold reserves at $42 an ounce, a price set by Congress in 1973. Gold trades above $4,000 today. That gap means Washington's books show about $11 billion in gold that is actually worth more than $1 trillion. A bill in Congress would require repricing those reserves at market value. More than 60 million Americans qualify to move part of their savings into physical gold…
Dr. Martin D. Weiss has publicly predicted six major American market crashes over his 55-year career, each warning issued before the crisis hit. Now the founder of Weiss Ratings, the only conflict-free rating agency in America, says he is watching a $3 trillion problem that could trigger a chain reaction across markets and banks.
