Betting against inflation seems a fool’s bargain to me; but it is apparently a bet most investors are happy to keep making as they pretend inflation is still falling!
There are good reasons to own bitcoin, but they are not the same reasons to own physical gold. The notion of bitcoin as “digital gold” is dangerous and misleading.
The "smart-money" investing crowd appears to be absorbing gold and silver at any price. Investors are advised to be more concerned about the riskiness than the yield of their investments.
Every major bank reporting for Q4 2023 tripped over the threshold for one reason or another Friday—profits down, penalties up, etc.—helping stock investors find the exit. Recession risks got noted..
Now we have an approaching debt crisis we can actually think about in advance. I believe—and hope it’s not just my naive optimism—we will have some time to consider solutions. And as I have been saying for years, nobody will be happy.
Brickman on COMEX shenanigans in regards to gold and silver prices: "I am convinced that they can point and click. They can take it where they want it."
The report for December inflation leaves no question that inflation is now rising on a year-on-year basis, which means no question that the Fed’s inflation fight has gotten harder.
Dent Jr. cautions that while gold is considered a safe haven in the early stages of the ongoing 2021 crash, its price could plunge and then rally again in the next decade.
