Silver in particular is historically cheap compared to just about any other commodity on the planet. The upshot is that when silver is ready to move, it can take off like a rocket.
For those that believe the Western banking narrative that “gold is dead” and that “bitcoin is the new gold”, just look to the behavior of two nations in which 36 out of every 100 citizens of planet Earth reside.
As a practical matter the "soul" of money isn't trust at all. It is just the power of government to levy and collect taxes that must be paid in the government's own currency.
Gold’s ratios are an important tool in the box. As with other indicators (tools) we use, it takes diligence and psychological profile committed not to..
US companies now face the highest debt levels on record, at more than $10.5 trillion. In 40 years the amount of corporate bonds outstanding has grown by over 2,000%, from 16% of US GDP in 1980, to 50% of GDP in 2020.
The components of GDP are an ominous confirmation that the US is engaging in aggressive restocking which could soon lead to a deflationary liquidation wave.
It's really about a non-government currency. And people should have that ability to choose and let the free market decide what the best currency is or the best currencies.
And why will 2022 play out this way? Because just as in 2010 and 2019, The Fed will once again be revealed as posing charlatans. The curtain will be pulled back, and all will be reminded again that..
However, the Fed is backing off from stimulus. If it actually tightens as Fed Chair Paul Volcker did, we will avoid hyperinflation; but we will not avoid the recession that is already forming.
Bill Holter discusses the likely outcome of a Fed tightening cycle.
With the massive levels of debt in the system, raising rates will be a short term effort.
