The only way out of the death trap

Daily Reckoning/James Rickards/2-9-2021

photo of 1907 $20 St Gaudens High Relief Obverse and Reverse
“History shows that raising the dollar price of gold is the quickest way to cause general inflation. If the markets don’t do it, the government can. It works every time. Would the government and the Fed consider the gold trick I just described? They may have no choice ultimately.”

USAGOLD note: Rickards ends his proposal asserting that the way to kick-start a badly needed inflation is to raise the price of gold to $5000 by government mandate. He recommends putting “10% – but no more than 20% – of your investable assets into physical gold” because the only way out of the current debt problem is to inflate it away – one way or another.

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