Current US monetary policy has created a doom loop, but also a golden opportunity… by John Rubino of Dollar Collapse Lawrence Lepard, managing partner with Equity Management Associates, just published […]
The post Global Margin Call For A Leveraged World appeared first on Silver Doctors.
Ted Butlers says the wholesale price of silver is too cheap. Here’s why… (Silver Doctors Editors) Did you catch the latest Ted Butler interview? It’s a good one. During the […]
The post Ted Butler: There’s More Gold Bullion In The World Than Silver, Yet Silver Price At 5,000 Year Low appeared first on Silver Doctors.
For those of you that were expecting just a “deep recession”, I am afraid that you are going to be very disappointed… by Michael Snyder of The Economic Collapse Blog […]
The post Are You Ready For The Great Depression Of The 2020s? appeared first on Silver Doctors.
Government lockdown of “nonessential” businesses has both a deflationary and inflationary effect on the monetary and financial system. We are seeing… by Michael Hoffman via Mises I recently wrote about […]
The post We Don’t Know If the COVID-19 Shock Will Be Inflationary or Deflationary appeared first on Silver Doctors.
Financial Times/Michael Mackenzie/4-25-2020
“The legacy costs of fighting the virus, coupled with the biggest global economic contraction since the 1930s, will shape financial markets for much of the 2020s. Investors are on guard against so-called debt monetisation, where central banks enable unsustainable fiscal spending. In such an environment, expect gold to benefit and currencies to suffer.”
USAGOLD note: Mackenzie offers one of the better short discussions we have seen on what might be expected for the future in the pandemic’s aftermath. He sees gold, as indicated above, as one of the longer-term beneficiaries.
CNBC/Michael Santoli/4-25-2020
“Why isn’t the stock market much lower? This question is occurring to plenty of observers right now, given the apparent contrast between economic realities and equity performance.”
USAGOLD note: A good many are asking this same question, even investors who concentrate their portfolios in common stock. Of course, the reason is a widespread belief that massive money creation will inflate a new Wall Street bubble combined with a sense that things will be better once the pandemic hopefully passes. But is such thinking rational at a time when the entire global economy is flipping over to a new abnormal? Some see the recent gains as a bear market rally.
Related: Investors baffled by soaring stocks in ‘monster’ depression / Financial Times / Robin Wigglesworth / 4-24-2020
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The Power of Gold Diversification
“Although it is needed in good times, it can be vital when times are difficult.”
This short article begins with reference to a speech by Sir Peter Tapsell on the merits of gold ownership before the House of Commons in 1999. The occasion was Britain’s proposed sale of over half of its gold reserves at under $300 per ounce. It ends by comparing the performance of two investment portfolios from the time of that speech to present. One portfolio – the more successful of the two – included a diversification with gold; the other did not. Sir Tapsell, who passed away in 2018, lived to see his defense of gold vindicated. Though his argument before the House of Commons failed to stop the sales, it goes down as one of the most eloquent appeals ever made on the merits of gold ownership for nation-states and individuals alike.
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Important! – Gold’s Century: While stocks dominated headlines, gold quietly performed
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