06-04-2016, 04:45 PM
(06-04-2016, 07:32 AM)Mikebert Wrote: [Mike]I don't understand. If the Fed is doing massively stupid things then why would you buy any financial asset? You wouldn't. So where's the problem?
Maybe he buys the same sort of financial assets I do. The precious metals complex is a wonderful way to bet against FED stupidity. Btw, the latest and greatest stupid move of the FED is they may do the same stupid thing the ECB is doing. Negative interest rates. The effect of negative interest rates is close to a floor inflation rate. So... it's party like the 1970's and drive demand forward. If I see that again, I'd buy lots of toilet paper [Venezuela anyone?] . The goal becomes to get rid of excess currency or accounts denominated in said currency. I'd start saving in food and water. Pinto beans, rye, millet last a while. I'd certainly do my part to increase demand, but I don't think hoarding is what they have in mind.
---Value Added