We’re on the verge of an inflation based great depression (2021). PM’s are one great hedge in such a time.
Yep. Seems like nobody’s talking inflation. Unless you’re talking to people who just left the grocery store.
Higher prices, smaller portions.
You can’t just print trillions upon trillions without inflation.
This will hurt the poor, the elderly, the pensioners, any fixed-income folks.
Illiquid investments (homes, 401ks, etc.) will provide some cushions. And of course, large debtholders will benefit the most - paying yesterday’s debts with tomorrow’s dollars.
There is so much governmental manipulation, these effects may be masked for a while. But one can defy gravity for only so long.
lead ?
I fear the next year. There are no safe bets for storing your wealth. Particularly alarming are the ones saying that cash will be dead and replaced by digital currency controlled by government. Say goodbye to 100s, 50s and 20s when you have to give them up at greatly reduced values with a deadline, after which they're worthless.