To maintain inflationary policy, as per various talking Fed (egg) heads, the hysterical run up in inflationary expectations and fears had to be tamped down.
So where have all the millions that have flowed out of crypto funds gone to? Would you be surprised to hear gold?
Central banks around the world are well down the road toward development of digital currencies, so the timing of the current inflationary surge, as well as the Basel III regulatory change, is a little suspicious.
If you needed upwards of 50 million tonnes of copper over the next five years, and had very little production of your own, what would you do?
There are additional factors that have made Doug especially bullish on municipal bonds. For one, they are exempt from federal income tax.
But even if this interpretation of the Basel 3 rules is correct, Basel 3 might not necessarily stop gold price suppression by governments and central banks.
But investors should ask themselves which asset classes represent real value at current prices and which have already been driven to extreme overvaluation by the Fed’s money printer.
Peter began with an important distinction between goods inflation and services inflation. They have been behaving differently.
I, for one, do not see the market as a linear environment. That is one of the most valuable lessons that Elliott Wave analysis has taught me.
Earlier this month, Governor Hutchinson of Arkansas signed Senate Bill 336 into law, ending the dubious practice of slapping precious metals buyers with sales taxes of nearly 10% in the Natural State.