Excellent read—thoughtful, balanced, and grounded in reality. The massive expansion of fiat money and debt over the past decades has severely distorted the pricing of monetary assets. If gold were fully reflecting the debasement trade, a price north of $7,500/oz would not seem unreasonable. The manipulation of precious metals markets cannot last forever.
Excellent read—thoughtful, balanced, and grounded in reality. The massive expansion of fiat money and debt over the past decades has severely distorted the pricing of monetary assets. If gold were fully reflecting the debasement trade, a price north of $7,500/oz would not seem unreasonable. The manipulation of precious metals markets cannot last forever.