Category: Gold

Financial Times/Whitney Baker/6-15-2022

“Most people alive today grew up alongside a simply historic rise in financial wealth. We know nothing but relentless asset appreciation, propelled by disinflation and falling rates. Liquidity outpaced the economy. So did asset prices. But violent financial and geopolitical regime change is upending that status quo and the bubbly valuations that hinge on it.”

USAGOLD note: Baker, who heads up a hedge fund advisory firm, says that we need to prepare for inflation and interest rates being much higher for much longer than the markets are “willing to price.” She sees a return to the 1970s and a new age of real wealth destruction.

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MarketWatch/Mark DeCambre/6-14-2022

“They are hiking into the popping of a bubble.” – Michael Novogratz, CEO, Galaxy Digital

USAGOLD note: In a separate MarketWatch article, Novogratz likens cryptocurrencies’ meltdown to the LTCM implosion in 1998 that nearly brought down the entire financial system. We do not know the degree to which crypto positions are leveraged and what the impact that will have on the rest of the global markets should their rapid decline continue. Doubleline Capital’s Jeff Gundlach recently warned that bitcoin could go to $10,000. It’s at $22,500 as we post this comment.

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