Gold and What Moves it.
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A Cat-5 Debt Crisis is Coming Our Way! | Uncommon Wisdom Daily

A Cat-5 Debt Crisis is Coming Our Way! | Uncommon Wisdom Daily | Gold and What Moves it. | Scoop.it
The sovereign-debt crisis coming our country’s way will be a Category 5 financial storm. And Obama’s second term is entirely consistent with it.

 

by Larry Edelson:

 

"Obama’s policies of class warfare and fat tax increases on the job-producers and risk-takers in our country will tear our society apart by the seams.

 

"It will deepen the looming sovereign-debt crisis, and eventually destroy the U.S. dollar.

 

"The next eight months – before the crisis fully hits our economy – will be your very last chance to get your financial house in order.

 

"Fact is, I didn’t like either presidential candidate all that much. But Obama’s policy of instigating and escalating class warfare in our country, further dividing our society and blaming almost everything on the rich is just about the worst platform any leader can have.

 

"Just consider the history of class struggles and you will see what I mean. They almost never solve any of those problems. Instead, they often lead to terrible consequences.

 

"Nearly every one of the revolutions in our history was largely triggered by class warfare – blaming the rich, targeting them for higher taxes and, in many cases, literally chasing them out of their country. ..."

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Peru 2012 mineral exports shrink 1.7% on Gold

Peru's national statistics agency INEI said the nation saw a 1.7% fall in mining exports in 2012 due to an 11.4% decrease in gold exports.

 

LIMA(BullionStreet): Decrease in gold exports trim overall mineral exports of Peru by 1.7 percent last year.

 

Peru's national statistics agency INEI said the nation saw a 1.7% fall in mining exports in 2012 due to an 11.4% decrease in gold exports.

 

In December last year, country's gold exports took a 35.2% dive in December from $191mn in 2011 to $124mn last year.

 

The lower gold exports contributed to the 18.7% drop in overall mineral exports in the last month of 2012.

Hal's insight:

Hmm... This is interesting. I wonder what this will hold for gold demand?

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