Reader TTS

What I first would like to know is how much this author is being compensated by Goldmoney to promote their company. One has to be wary of “recommendations" made by anonymous authors

regarding any financial instruments and what the compensation might be for that recommendation. Second, although the author mentioned historical instances of governments confiscating gold

from its citizens, none of those happened after the United States or Britain took themselves off of the gold standard. Conflating the issue of Russia and China amassing gold with past

instances of Government confiscation of civilian gold while on the gold standard is poor logic and not related to this issue at all. The reason Russia and China are the two countries buying

so much gold is that they have created their own currency just for use between the two countries and cannot use government fiat for that currency. Therefore, it must be based on a single

commodity of value. If the author had any idea of what he was speaking about, he would have known this. Lastly, as Countries have permanently separated themselves from the gold standard and

that genie will not be put back into the bottle, National Debts must be looked at from a completely different viewpoint. It is no longer acceptable to look at the single question of can we

pay down our debt. The more important question is can we grow our GDP such that future Debt:GDP ratios drop significantly while we get our annual spending under control. It also means that

austerity measures are deadly to our economy as are tax cuts for the already wealthy as trickle down economics does not exist, has never existed and is only a cover for Republicans to

continue their wealth transfer from the poor and middle class to the rich. Our economy is service based. Meaning the more people who can afford to spend on goods and services the more growth

we will see. With Income Elasticity of Demand being more sensitive with those making less than $50,000 than those above, any incremental increase in income will have a greater impact on

goods and services purchased especially normal and luxury goods. That is why income equality is more important to a sustainable economy, democracy and government than hoarding wine, guitars

and gold if we ALLOW things to ever get that bad. Stop believing you have nothing to say about this matter. Income inequality will be the greatest driver of economic armageddon and social

upheaval. Our GDP can grow with the rich getting richer. But our society cannot.