John Williams: Gold to Prevail as System Falls into Disorder
December 20 — With so many questions surrounding the stability of the financial system, John Williams of Shadowstats issued this warning in his latest commentary: “Dollar Debasement Has Just Begun. Despite all of Wall Street’s negative hoopla over gold during the price volatility of the last week, the precious metal still is on track to outperform the Dow Jones Industrial average, meaningfully, for the year. That would be the eighth consecutive year of doing so. Irrespective of any recent or future extreme price swings, however, I look at gold as the long-term hedge against all that has started to unfold in the ultimate debasement and destruction of the U.S. dollar.” Read more.
