Month: April 2022

BloombergAlana Carter/4-9-2022

“In a frank interview with The Sunday Telegraph, Mr Lewis stressed the desperation of people and worried over the consequences as households struggle to pay for the most basic necessities. ‘We need to keep people fed. We need to keep them warm. If we get this wrong right now, then we get to the point where we start to risk civil unrest. When breadwinners cannot provide, anger brews and civil unrest brews – and I do not think we are very far off,”‘he said.”

USAGOLD note: Though we see Lewis’ warning as a bit hyperbolic, particularly when you consider Britain’s normally composed national demeanor, we do sense that the public reaction to inflation could be unpredictable and problematic for the political sector. All eyes will be on the upcoming French election on this score, as it will be the first political contest in a developed economy determined under the cloud of inflation.

The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.

Seeking Alpha/Jeremy Grantham/4-7-2022

“As a species, we must make the jump to full sustainability. Decarbonizing our economy will be spectacularly resource intensive, and all key commodities required are finite in supply. Russia’s desperate attack on Ukraine makes everything more unpredictable but for one certainty – this war will increase the pressure on raw materials in the short term. It serves as a reminder more broadly that we will have to innovate around the bottlenecks, shortages, price spikes, and climate damage that are almost certainly coming our way so that we might survive to tell the tale.”

USAGOLD note: The author of this piece is the same Jeremy Grantham who says the stock market is highly overvalued and due for a resounding crash. Though he doesn’t mention it, silver is often cited as one of the direct beneficiaries of the decarbonization he advocates.

The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.