I look at the price of gold in currency units as a direct correlation to the stupidity of government economic policies. If a government implemented the proper economic policies, then the price of gold as measured in their currency units would be low. But when a government implements bewildering and insane economic policies, then it takes more of their currency units to pay for the protection of gold.
I'm NOT "wishing" for anything—just following the breadcrumbs. We've said plenty of times this could mean a lot of pain as well as opportunity, and that you’ve got to be ready for it.
Unless you like pain you had better own commodities. Nuf said.
I look at the price of gold in currency units as a direct correlation to the stupidity of government economic policies. If a government implemented the proper economic policies, then the price of gold as measured in their currency units would be low. But when a government implements bewildering and insane economic policies, then it takes more of their currency units to pay for the protection of gold.
Pretty much the way I see it too.
Cash still a good bet too ?
Cash—as in dollars that keep devaluing? That’s a hard pass for me.
Be careful for what you wish. The Plaza Accord contributed directly to the 1987 stock market crash
I'm NOT "wishing" for anything—just following the breadcrumbs. We've said plenty of times this could mean a lot of pain as well as opportunity, and that you’ve got to be ready for it.