As the Federal Reserve prepares to taper its asset purchases, investors are preparing to adjust their portfolios.
Some are dumping gold. They could be making a big mistake.
Milton Friedman famously said inflation is “always and everywhere a monetary phenomenon.” He was right but that short statement doesn’t fully explain how inflation works. It has other causes, too.
Excessive money-printing is continuing to devalue currencies at an alarming rate — for which precious metals, namely gold and silver, are the best defence.
Bank bail-ins are becoming more and more of a hot topic.
With changes in the laws, banks in the USA will have the ability to "bail-in" your money during a financial crisis.
So do you see how everything is completely in flux at present? This is madness, and it's all due to the overwhelming reliance and dependence that "the markets" now have for the Fed.
Can The Fed Raise Interest Rates with the yield curve inverted? Are we on the verge of another major Fed policy error?
Are they about to taper and raise rates going into a recession?
The big event this week is the FOMC on Dec 14/15. What will the Fed do? Taper faster? Hint at rate hikes? Is inflation still transitory? Could be a key meeting.
