Unless the war with Iran ends soon, stagflation will soon be stalking global economies. Stagflation is bad for stocks, bonds, consumers and manufacturers. The only thing that it’s good for, history has shown, is gold.
Gold now being down -10.1% from its record high can inducing buying.
The structural drivers (central-bank buying, monetary instability, and declining real yields) remain strongly supportive of the gold bull market. A reasonable expectation for 2026 is...
Gold performs a role within reserve portfolios that few other assets can replicate. The majority of official reserves consist of foreign currencies and government bonds, both of which represent claims on other states. Their value ultimately depends on..
And even if consumers still have some borrowing power, an economy run on Visa and Mastercard simply isn't sustainable. When Americans finally hit their credit limit, it will have major implications for economic growth.
Even if the war lasts three months, but there is no substantial infrastructure damage, the long-term results are frustrating, and certainly inflationary over the next year, but not the end of the world as many armchair analysts claim.
But infrastructure damage? That’s a game changer.
