Investors continue to stick to their plans to add physical precious metals to their portfolios whenever temporary price dips present themselves at a discount.
The need for a safe haven asset is clear. The toxic mix of economic, market, and financial risks leaves investors with few places to turn.
There is an old saying, “The best place to hide something is in plain view.” If true, a reminder of what the US citizen has lost may be found in plain view, merely by reaching into his pocket and examining his change.
As always happens in a crisis period, the fiat currencies that have, until now, appeared to be sound, will sink dramatically and gold will once again rise to its intrinsic worth.
Our quarterly ITV report examines the performance of precious metals vs. other major asset classes during the first quarter of 2022.
The circumstance of stubborn inflation, elevated political conflicts, and overpriced stock and real estate markets creates an ideal scenario for gold.
Now that the Great Unravelling is underway, we shall increasingly see a divergence between the Second and Third World countries and the First World countries that have been connected to the Bretton Woods Choo-Choo since 1944.
The most likely scenario for 2021 is one where gold continues to offer a meaningful and necessary hedge, along with the high probability of yet another set of record-high prices.
As we move into the final quarter of this tumultuous year, gold is increasingly likely to serve as a hedge of absolute necessity…
‘Money’ is being crossed out. Not lost. Not wasted. Crossed out.
The author is aware that such words will offend the reader as absurd. True, the reader may grant that normal ‘billfold money’ does have a tiresome habit of departing too quickly. But it is certainly not dematerializing.