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.
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.
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.
Redouble your efforts to produce more than you consume and save the difference. Just don’t save in dollars or any other digital fiat currency. You want to save in gold...out of the system.
For the average person, inflation cuts deeper than a flesh wound. The rate of inflation has come down; this means already way-too-high prices are still rising, just slower.
