Inflation is back. Protect yourself.

Daniel Lacalle

Repost from 2-18-2021

graphic image of 'perfect choice' badge-ribbon“If you want to protect your savings, gold, and silver are important assets to own, especially the physical asset, not just financial instruments. Equities only help while monetary policy continues to create asset inflation, but that can stop abruptly when money supply growth coincides with nominal GDP growth, as the multiple expansion effect dies. Sovereign bonds are not a solution as both the price and the yield make them the most expensive asset.”

USAGOLD note: Lacalle says that “once in place, the so-called expansionary policy cannot be stopped… The worst excuse of all is that ‘there is no inflation.'” …… A good read on where the economy and financial markets might be headed.


Image courtesy of Visual Capitalist

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