Where Does Gold and Silver Fit in the Financial Future?
Surveying the Future: An Environment that MakesOwning Gold and Silver Imperative!
World investment markets are bouncing around based on the changing prospects for the Iran war. So for now let’s share the perspectives of a few astute observers about today’s larger U.S. financial picture, from consumer credit to the housing market; from gold to the way cycles such as ours end:
Auto delinquencies are at a new record and credit cards are near record high.
In nominal dollars Autos, credit card, student loans and other are higher now than in the Great Financial Crisis (GFC). In real dollars, where things matter most, autos, credit card, student loans and other are also higher now than in the Great Financial Crisis.
– Mish Talk
Goldman Sachs reiterated its bullish view on gold, sticking with its forecast for prices to reach $5,400 per troy ounce by year-end as the bank lifted its expectations for central bank demand and projected stronger official-sector buying through 2026.
– Yahoo Finance
“More than half of the 20 major U.S. housing markets recorded year-over-year price declines in March, reflecting a broadening and deepening housing slowdown,” said Nicholas Godec [S&P Dow Jones Indices]… U.S. home values have now fallen in real terms for the 10th consecutive month, underscoring an ongoing erosion of inflation-adjusted housing wealth.
-S&P Global
The US inflation genie is out of the bottle, and the bond vigilantes have come out of hibernation.
-Steve Hanke
Every cycle ends the same way. Wall Street and the financial system are treated as too important to fail, while ordinary citizens absorb the consequences through inflation and currency debasement. Policymakers will present future interventions as necessary for “financial stability,” but stability for whom? Stability for leveraged institutions, overextended governments, and asset markets dependent on artificially suppressed rates.
Meanwhile, the average family gets punished twice. First through inflation, then through the policies used to contain the damage caused by inflation.
-QTR Fringe Finance
As we’ve pointed out many times, measured in gold, the dollar has lost 99.111% of its value since 1971. We got the full value of the dollar 54 years ago. Our children get only a chemical trace of it.
-Bonner Private Research
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