Interest rates distort judgments and investment flows: Jim Grant

FoxBusiness/Maria Bartiromo interviews James Grant

Image of the word "FED" with a gold coin in the background“The Fed wants us to believe that we should believe that there will be no inflation out of all this and to me that is a vast unknown. We have America’s fastest peacetime money-growth coexisting with the all-time 4,000-year record lows in interest rates. It’s a most curious and troubling juxtaposition there. … I think what we have is a monetary moment that is unprecedented and therefore calls for extreme caution and great humility on the parts of all of us.”

USAGOLD note:  Interest Rate Oberserver’s Grant goes on to say that he is “confidently bullish on precious metals.”


Repost from7-27-2020

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.