In any event, energy, food and precious metals remain undervalued assets, while commercial/residential real estate and their mortgages (a.k.a. death pledges) decline and default with little media awareness yet.
China as a whole can buy gold in amounts tolerated by the PBoC but can’t sell. What if the Chinese citizenry starts to fully grasp they can’t sell at the international price at all times? Put differently, what’s the point of owning gold if you can’t sell?
It is contagious, and it is part of the Fed’s worst nightmare for inflation as the flames have now risen up the walls and are lapping across the ceiling.
Any inflation analysis that ignores housing misses not only the elephant in the room, but the room itself.
And guess what? The official inflation measures do exactly that.
We have a global digital currency system being worked out openly now by numerous major players that will be attached to each person’s identity and bank account.
Most people invest in the stock market and not the economy. Yet, too many are easily swayed by various economic factors that lead them to react in one way or another.
The rise of debanking points to one of the biggest arguments to own gold – once your money is held within the banking system then you have very little control or say over how you can use it.
Dr. Paul Wilmott says, "What you need to do, the perfect background for life, is maths and starting your own small business." He also discusses his experiments with AI.
One day gold mining stocks will be preeminent (in my opinion), but that day is not yet, not today. Gold stocks are bullish. But the same can be said for broad stocks.
