Loading ...Inflation is coming…
While gold has consolidated since topping in July and is still searching for a confirmed bottom, the $CRB suffered a much shorter pullback, bottoming in August, moving higher over the past 2 months, and is now poised to challenge its high set in June…
Inflation is coming, or more likely 1970’s-style “stagflation”, the perfect storm for precious metals…
Of course, back then Fed-head Paul Volker was able to stem the tide by raising interest rates to 19%. Then again – he was able to do so because at that time the US was the world’s largest manufacturer/producer nation, and the world’s largest creditor nation. Now, 70% of the US economy is based upon “consumerism” (tapped out), and the US is now the world’s largest debtor nation…
So now what?
Good Eye RTV
Good points, RTV, about the similarities and differences of the two eras. Looking forward to the PMs taking off once more. 🙂
Talking about inflation, I can see it in groceries and restaurants and housing. I saw fish selling for 38 dollars and 40 dollars a pound! Hard to believe but true.
Hey North
Buy Fortuna
You get Silver AND Fish
🙂