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To: cgbg

Here’s an interesting question, which is on point in connection with Peter Schiff:

What’s up with the gold and silver markets? Why aren’t they zooming up with this inflation? (And it’s not like bitcoin has replaced them as an inflation hedge — it’s not going up either.)


24 posted on 06/11/2022 10:29:27 AM PDT by Alvin Diogenes
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To: Alvin Diogenes

And why are 10 yr rates below the rate of inflation. There are some inflation indicators curiously missing


28 posted on 06/11/2022 10:51:27 AM PDT by Pelham (World War III is entering on cat's feet.)
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To: Alvin Diogenes

“What’s up with the gold and silver markets?”

Short answer—paper gold and paper silver.

The markets are a total joke—multiple claims on the same asset.

If you could sell your house to twenty buyers at the same time the price would not go up either.

;-)


31 posted on 06/11/2022 11:00:08 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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