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QUESTION: Didn’t you additionally purchase gold bars from the SS Central America ship that was found? The gold bugs hate you and say you’re bearish gold however you purchase loads of it.
All the most effective
JE
ANSWER: Oh sure. I have a tendency to gather vital relics from main financial occasions. The sinking of that ship set off a monetary panic in NYC as a result of the banks have been relying on that gold cargo. I did purchase bars. There have been some 30,000 kilos (13,600 kg) of gold and about 15 tons have been recovered.
They’re a bit of historical past. I might not soften them down.
The publish Panic of 1857 & Gold first appeared on Armstrong Economics.
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