05-23-2020, 11:07 AM
** 23-May-2020 World View: Inflation and gold
Nothing has changed. The world, including the US, is in a
deflationary spiral. In fact, it's probably worse now, because Covid-19
is going to cause people to refrain from buying anything that isn't
absolutely essential. Some items, like food, are showing higher
prices, but that's only temporary until, for example, the meat
packing houses are back at full strength.
Nothing has changed with gold. Its long-term trend value is still
$500, and when there's a crash, it will overshoot and probably fall to
the $200-300 range for a while. And if there's a war, then gold may
be completely worthless, unless you have someone who's willing to buy
your gold.
Guest Wrote:> Taking the severe economic damage that Covid-19 has inflicted, do
> you think we are about to enter into a period of inflation or
> deflation? Do you still think gold is a bad investment? I don't
> think real estate is a good investment because of sky rocketing
> property taxes. The black swan has arrived.
Nothing has changed. The world, including the US, is in a
deflationary spiral. In fact, it's probably worse now, because Covid-19
is going to cause people to refrain from buying anything that isn't
absolutely essential. Some items, like food, are showing higher
prices, but that's only temporary until, for example, the meat
packing houses are back at full strength.
Nothing has changed with gold. Its long-term trend value is still
$500, and when there's a crash, it will overshoot and probably fall to
the $200-300 range for a while. And if there's a war, then gold may
be completely worthless, unless you have someone who's willing to buy
your gold.
