Maharrey concluded by emphasizing that fiat currencies are designed to lose value over time. Even the Fed’s two percent inflation target represents purposeful devaluation.
In the meantime, this really leaves businesses with no idea as to how to operate or what will happen with their expenses or whether to pass along the cost of tariffs to consumers...
Gold-backed ETFs in Indian pension funds face a 5% cap. A proposed rule would remove this limit, fueling India’s already surging gold investment market.
Services make up about 80% of the economy, and inflation is now rising at a high clip in the services sector compared to earlier in the year, but services are not tariffed.
Maharrey sat down with Greg Weldon, founder of Weldon Financial, to discuss the accelerating bull market in gold and silver, Federal Reserve policy, and global de-dollarization.
According to the reports, exploration surveys indicate a deposit of 31 million tonnes of ore that would yield approximately 320,158 tonnes of refined gold, valued at $12 trillion.
J.P. Morgan told Congress in 1912, “Gold is money, everything else is credit.” Stablecoins, however clever, belong to the world of credit. Your protection against fragility is to own the timeless asset itself.
David’s piece will make you think and give you insights into what the actual process of investing should be at its very beginning, using a term from my seminary days, the actual ontology of investing.
