I believe Fed officials are largely responsible for the cycles of bubbles, booms, and busts over the last 30 years. Further, they share some of the blame (clearly not all) for the growing divisions and tribalism in our society.
The bottom line is investors have finally started returning to gold after ignoring its young upleg for several months. As stock markets plunged on the uber-hawkish Fed threatening..
Where did the 1.7 million ounces of GLD inflows go? The price of gold vs the value of gold. Is this the year we finally reached that point of critical mass? The split between the Fed and BIS is coming…
Silver in particular is historically cheap compared to just about any other commodity on the planet. The upshot is that when silver is ready to move, it can take off like a rocket.
For those that believe the Western banking narrative that “gold is dead” and that “bitcoin is the new gold”, just look to the behavior of two nations in which 36 out of every 100 citizens of planet Earth reside.
As a practical matter the "soul" of money isn't trust at all. It is just the power of government to levy and collect taxes that must be paid in the government's own currency.
Gold’s ratios are an important tool in the box. As with other indicators (tools) we use, it takes diligence and psychological profile committed not to..
US companies now face the highest debt levels on record, at more than $10.5 trillion. In 40 years the amount of corporate bonds outstanding has grown by over 2,000%, from 16% of US GDP in 1980, to 50% of GDP in 2020.
The components of GDP are an ominous confirmation that the US is engaging in aggressive restocking which could soon lead to a deflationary liquidation wave.
