US Treasuries are as much sought-out by investors in a crisis or pending crisis, but lately, Treasuries have become much less popular as a means of storing wealth.
The rush of newbies are signing up in lemming-like droves for corrupted stock trading apps like Robinhood. Schwab reported opening 3.2 million new accounts in Q1.
The 1970s inflation was sparked by a number of events: the easy monetary policy of the Federal Reserve to generate economic growth and combat growing unemployment as the 1970s recessions took hold; the abandonment of the gold window in 1971, sparking a long decline in the value of the U.S. dollar..
Gold and silver prices could move sharply at any time for reasons that nobody would predict. They could also move sideways first for a long while, frustrating those with short time horizons.
The actual inflation rate is well beyond the Fed’s 2% target, and we’re not talking about core inflation which strips out food and energy “because they’re too volatile” which is ridiculous.
The debate between relatively new digital cryptocurrencies versus ‘tried and true’ gold has dominated most precious metals related websites. But what if gold and cryptocurrencies were combined?
