Inflation

07/01/2020

Understanding Gold and Why its Going to Explode Higher

I am no longer surprised by how misunderstood gold is in the historical monetary context. Detractors like to point out its uselessness as a fungible unit of trade (you can’t buy a loaf of bread with a bar of gold) while wizened investors maintain a 10-15% allocation to gold in […]
06/16/2020

Fed Buying Bonds Removes All Pretense of Free Markets

Trying to predict price movements in the market has become a fool’s errand in the COVID decade. The primary cause of that is the explosion in liquidity that has occurred as a result of the Quantitative Easing reflex response of central bankers. Like a dying patient squeezing the morphine trigger […]
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