How sticky is inflation? How much does the Fed know about inflation and where rates go? Nobody knows and the Fed, I'm convinced that they do now even know where...
Big problems usually begin as small problems. So, it shouldn’t surprise us if the economic disturbances of the last years compound into something bigger.
The two old friends speak out on the US fighting tooth and nail to retain their world reserve currency status, with the threat of Russia’s gold-based trade currency closing in.
This will be one of the biggest blunders the Fed has ever made. The Fed is pounding the stock market’s head (and all markets) into the ground at a time when the economy is extremely damaged..
Gold is not an investment. Gold is real money and a long term store of value. It is original money and the measure of value for everything else. Gold’s value is in its use as money.
It seems unlikely in today’s climate to get governments to come together for a Plaza Accord-type agreement, which leaves a currency war as the likely outcome. Keep holding physical gold and silver while the storm is brewing!
