What is high jewelry? and what is the difference between high and fine jewelry? Are frequently asked questions in the diamond and jewelry industry. If you’re a little confused about …
What is High Jewelry? […]
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NASDAQ-Reuters/Felix Martin/7-8-2022
“Capital allocation has been distorted; investment risk mispriced; pensions systems destabilised; social mobility fossilised; and moderate investors polarised into idle rent-seekers or you-only-live-once speculators. Chancellor makes a compelling and disturbing case that excessively loose financial conditions lie behind them all.”
USAGOLD note: Felix Martin reviews Edward Chancellor’s new book, The Price of Time. “Perhaps,” he says, “you should not just buy this book but sell all your stocks.” He warns that the results in financial markets from the Fed’s modest tightening in 2022 are not encouraging.
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King World News/Paul Wong/7-8-2022
“The multiple contraction phase driven by rate hikes has been dramatic, but we are still far away from a dovish Fed pivot and much closer to the approaching risk stage driven by recession dynamics. We believe there is a possible major re-allocation event towards safe haven, capital preservation assets in the second half of 2022.”
USAGOLD note: Wong, the chief investment strategist at Sprott Asset Management, quantifies the performance of various assets during the month of June – a month when gold stood out by simply holding its own while other assets cratered. While a good many gold commentators foresee a Fed pivot, Wong sees it staying the course. The threat of a “synchronized” global stagflation and accompanying systemic risks, he says, will increase “the attraction and need for gold bullion as a safe haven asset.” The scenario he foresees very much resembles what happened in 2008-2009 – a credit crisis, a string of Wall Street failures, and a financial system pushed to the brink, only this time around, you can add geopolitical risks to the mix.
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