What’s happening with gold?

DailyReckoning/James Ricards

Repost from 8-16-2021

photo image of stack of American gold eagle coins“Many gold investors are panicked after the recent mini-crash. But today, I want to show you why the case for gold is still intact and why the recent tumble is just a bump in the road. You shouldn’t let the mini-crash obscure a broader reality. You need to focus on the big picture, not the short-term fluctuations.”

USAGOLD note: Rickards sticks with the notion that it is not inflation we need to worry about, but disinflation. If disinflation turns out to indeed be the next economic paradigm with which we have to contend, then gold, he says, will move higher as hedge against systemic risks.

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