Archives for August 2021

The Fed cannot print gold , unlike every other asset. Bank of America has caught up with where we have been for the past few years. "As central banks and governments double their balance sheets and fiscal deficits, we up our 18 month target from $2000 to $3000/oz" We believe it's clear now that even Wall Streets agenda is lining up with all of those who have been calling that the biggest winner of the central bank insanity will be the "barbarous relic". Gold. Now with the Fed committing to do whatever it takes to prevent widespread panic and bankruptcies in the US, Congress injecting 5 plus trillion stimulus and economic growth at a crawl until there is a cure or vaccine inflation could rise even if GDP … [Read more...]