Gary Gibson who writes for Whiskey and Gunpowder wrote today about the economic problems and what he views as the reason for the uprisings we see. His take:
“And what exactly is causing our economic problems? In short: inflation. Both the creation of new money unbacked by productive activity — literally, conjured up from nothing at the whim of a central banker — and the artificially low cost of borrowing to expand the amount of debt…again, thanks to central bankers buying government debt with the money they create in order to shove interest rates down.”
AND:
“In other words, inflation is causing the things that have people revolting in the streets.”
This was predictable. Class, what is our best antidote to inflation for your portfolio? Safe haven gold! Numismatic gold and numismatic silver can give you peace of mind at such a time. From Lear Capital – of course!