The inflation of my youth wasn’t just a few years in the 1970s. It was an era that started in the 1960s and extended into the early 1980s. It waxed and waned within those years but gradually worsened...
This currency debasement is ongoing. They killed the penny. What goes before the firing squad next? The nickel? The way things are going, it's only a matter of time.
While AI continued to fall, the big declines broadened into sectors such as communications services and IT. That particularly fits the inevitable broader fall I just said we would see.
The S&P 500 to gold ratio has fallen to the lowest reading since the pandemic and is at a critical support level. This could signal more upside for the yellow metal.
In a world pulled by a growing debt singularity, policymakers will keep reaching for the same tools, and those tools will keep weakening cash. “Got gold?” is more than a tagline; it is a strategy for living outside the event horizon.
