[Kzyxtalk] my birthday present

[sako4 at comcast.net]

I received a huge birthday present today, June 3. Gold finally rallied. 

I hold gold in my portfolio. It's been quite a wait. 

After 7-8 years of quantitative easing during which the Federal Reserve Bank quadrupled money supply, and during which interest rates were brought down to almost zero , and during which the Fed and the U.S Treasury cooked up a host of other wacky strategies, i.e., qualitative easing, credit easing, money printing or monetary financing, alternating debt maturity structure, and "helicopter" money, it's becoming apparent that every single one of these too-big-to-fail strategies that sought to bailout the banksters, have all failed. 

http://www.fool.com/investing/2016/06/03/gold-rally-sends-these-gold-stocks-up-double-digit.aspx 

Our economy is now officially stalled. Goodbye paper assets. Hello hard assets. 

Let's see if this gold rally continues. BTW, I'm 64-years old today. I share a birthday with Jefferson Davis, Raul Castro, Anderson Cooper, Rafael Nadal, Tony Curtis, Chuck Barris, Walter Haut, Curtis Mayfield, Josephine Baker, and Allen Ginsburg. In the mid-1970s, I met Ginsberg on our birthday in Baltimore at the Maryland Institute of Art. I hugged him and we chanted as Ginsberg played the harmonium. 


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