Economics in orbit

GoldSeek/John Mauldin/6-1-2020

“Wars Have No Winners. In a race-to-the-bottom currency war, everyone loses. Gold is the world’s best currency now. We are at war, so swap paper for gold. The US dollar will probably break down, as the Fed actively tries to weaken it. (While I think the dollar will go lower, I certainly would not use the words ‘breaking down.’ Against what? Maybe gold. But I buy gold as central bank insurance, not as an investment. Though I do agree with Mark that it is probably time to buy a little more ‘gold’ insurance.)”

USAGOLD note:  In the long piece linked above, Mauldin relays the thinking of a number of analysts (as well as his own) – including David McWilliams, Niall Ferguson, Mark Yusko (referenced above) and Barry Ritholtz among others – on a range of subjects including gold.