So far this century, the 28-week year-to-date gold price increase of +27.7% ranks second only to such like stint during 2006: so in that broader context, ’tis rather exhilarating, one has to say.
With a massive revaluation of gold the government would achieve practically infinite money without issuance of debt and the awkwardness and embarrassment of monetizing bonds -- raw and direct inflation and currency devaluation.
We have a solid mix of gold stocks, oil stocks, growth stocks, a bit of crypto, uranium stocks, and silver stocks too!
This combination of growing government debt and diminished risk-taking isn’t good at all. At lower levels, it was reasonable to think we could grow our way out of the debt. That hope is gone.
