“When I began posting the CBB in 1999, I expected ‘Bubble’ to be in the title for no longer than a year or two. It was to be the ‘Credit Bulletin,’ inspired by Benjamin Anderson’s ‘Economic Bulletin’ from the 1920’s. Yet here we are in 2020 with Bubbles everywhere, including in my blog title. In 1999, I would have said that was an impossibility.”
USAGOLD note: “The probability of a global crisis during 2020 is the highest since 2008,” says Noland. In the modern-day financial system, bubbles are a way of life, so to speak, and something that needs to be accounted for and managed in the overall portfolio. That, in our view, is where gold’s safe-haven attributes come into play. If you are among those who believe, like Noland, that the current stock market bubble is destined to burst, you will want to have your hedge in place before it happens. We got a good idea in the early part of January how quickly gold can rise once danger is recognized. And sometimes the gains stick. . . . . . .
Repost from 1-12-2020