The end of the age of speculation

Blain’s Morning Porridge/Bill Blain

Repost from 5-19-2021

cartoon of a hedge fund manager on the phone telling a client to buy gold

“Markets are full of noise about everything from inflation, risk, leverage and politics, but the reality is we are approaching ‘Peak Speculation’. It doesn’t mean a crash is imminent, but that investment strategies and approaches are going to have to factor in a new reality, and be far more suspicious, questioning and smart as a new reality takes hold. The consequences of QE and other factors that fuelled the speculative age could be with us for decades.”

USAGOLD note:  Buckle up. We might be in for a rough ride if we have truly come to the end of the age of speculation. More than one investor has stumbled upon diversification on the road to portfolio wisdom.

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