Maharrey delved into the perils of central planning and the inherent limitations of human knowledge, with insights from economist Friedrich Hayek and financial expert Jim Grant.
Gold has and should reliably outperform the stock market in such a scenario. It should reach the measured upside target from its cup and handle pattern breakout of $3000.
No matter how good the storyline the Fed writes, things are never going to go according to the script. Unfortunately, hubris blinds people to their fallibility.
Through the first five months of 2024, gold imports into India increased by 26 percent year-on-year, with 230 tons of gold flowing into the country. This is despite record-high prices.
Young people are also becoming increasingly aware of the increasing risk in today's economy with rapidly increasing government debt and rampant price inflation.
Other than a promise to cut “wasteful” spending, and a pledge to eliminate the Department of Education, the Republican platform is largely silent on proposals to reduce federal spending.
This isn’t just the most tumultuous year of political chaos in the US; geopolitics has ramped up in the last few months to suddenly outweigh inflation as a concern for markets.
