Copper $ 5.4918 / lb 1.18%
Brent Crude Oil $ 59.51 / bbl -0.44%
Palladium $ 1785 / ozt 0.39%
Crude Oil $ 55.71 / bbl -0.34%
Natural Gas $ 3.916 / Btu -0.66%
Silver Futures $ 65.97 / ozt 0.85%
Aluminum Futures $ 2939.75 / ton 0.67%
Micro Gold Futures $ 4355 / ozt -0.21%
Micro Silver Futures $ 65.95 / ozt 0.81%
Platinum $ 1971.05 / ozt 0.92%
Gold Futures $ 4355.1 / ozt -0.19%
Go to MDC Markets

Is Gold Backwardation now permanent?

Casey Research | March 01, 2012 | 9:17 pm Precious Metals Europe Gold 

Worldwide, an incredible tower of debt has been under construction since President Nixon's 1971 default on the gold obligations of the US government. His decree severed the redeemability of the dollar for gold and thus eliminated the extinguisher of debt....

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