Sorry-—When you are investing/trading—losing 60-70% (most commodities) requires a 100-300% gain just to get back to even. Schiff has had a worse investment year than the general market which was awful. About the only thing he got right was the US economy. Deflation is far more likely than inflation. You will NOT get inflation unless wages/demand go up and the very opposite is happening. Unless they can re-ignite the credit bubble it’s not happening. Last year we had $10 trillion in wealth disappear with another roughly 1-2 trillion in January at current equity prices. Even if the fed doubled physical currency to around 1.5 trillion, that isn’t even close to inflation. At some point in the LONNGGGG future that extra money could lead to inflation but right now we still have 3-5 years (or more) or deflating the credit bubble of the last 12 years which was the largets credit bubble in the history of the US (and probably the world).
I saw Harry Dent on FNC yesterday Saturday warning of a long american depression because of slowing of boomer spending for retirement. He said stocks will go up a short time from stimulus but you need to get out then and buy gold and commodities for inflation protection. After that I saw Rogers clip saying similar.
3-5 years with the inflation tools they have?
They inflate enough to get investors buying on the up boom, and keep savings interest low, inflation high and it promotes itself,