Ours is a Wile E. Coyote economy, and now we’re hanging in mid-air, realizing there is nothing solid beneath our feet… by Charles Hugh Smith via Of Two Minds Ours […]
The post Our Wile E. Coyote Economy: Nothing But Financial Engineering appeared first on Silver Doctors.
Deglobalization. Of gold… by Chris Powell of the Gold Anti-Trust Action Committee (GATA) By John DizardFinancial Times, LondonFriday, June 12, 2020 Gold, the universal currency and store of value, is […]
The post The Global Gold Market Is Breaking Up appeared first on Silver Doctors.
Financial Times/Paul Britton/6-8-2020
“Covid-19 has brought us to a historic turning point in financial markets. A fundamental investment strategy that has protected institutional and retail investors alike for decades — balancing equity risk by holding high-quality government bonds — has finally run its course. When the Fed lowered short-term rates to zero in response to the pandemic, the last shoe dropped.”
USAGOLD note: In this down-to-earth assessment of the effects of collapsing rates, gold makes the short list of assets that will add “ballast for balanced portfolios.” Britton is the chief executive officer of Capstone Investment Advisors in New York.
Rothschild & Co./Kevin Gardner/6-9-2020
“It will take longer to get out than it did to fall in. Lockdowns will ease more slowly than they began; many businesses and jobs may not make it to the other side; renewed contagion is possible; some habits may change. But nobody expects a symmetrical recovery anyway: the perfect V-shape is the pundits’ straw man.”
USAGOLD note: Rothschild & Co.’s annual assessment of the global economy and investment climate offers a reminder of the issues investors that dominated investment market psychology before the pandemic obliterated the financial landscape. “Memories can be short … ” writes Kevin Gardner, the firm’s global investment strategist.
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