But what if the Fed did begin "tapering"? Presumably that would diminish demand for bonds, weakening their prices and making other assets, even gold, more attractive.
Central banking is supposed to support the overall economy. However, it has turned into a joke because it benefits people who are already rich way more than it benefits anyone else.
Unlike the central bankers’ depreciating fiat currencies, physical gold and silver are incorruptible, free-market forms of money that retain their purchasing power over time.
China’s real estate behemoth Evergrande is now “Notsogrande”. Not surprisingly, fiat debt is the problem. The proposed “solution” is likely to be more debt… and more money printing. That’s great news for gold investors.
The other reasons as to why these markets continue to operate are less than legitimate. They are a great mechanism for bankers and regulators to control the price and demoralize gold bugs.
I still maintain the view that deflation will ravage the markets in the coming years once this bull market runs its course over the next two years, and the Fed will ultimately be powerless to prevent or stop it.
