May 29, 2021 by No Comments

photo image of stack of American gold eagle coins

 In Gold We Trust
Monetary Climate Change

Incrementum/Ronald-Peter Stoferle and Mark J. Valek/2021

“Despite an environment that should, by and large, clearly favor gold, the price of gold today is at about the same level as it was 10 years ago and is therefore, in our view, favorably valued. Ray Dalio, one of the most successful fund managers of all time, has recently commented several times on inflation and the merits of investing in gold. We would like to close with this thought of Ray Dalio, which also explains our motivation for publishing such a ‘tome’:

‘I believe that the reason people typically miss the big moments of evolution coming at them in life is that we each experience only tiny pieces of what’s happening. We are like ants preoccupied with our jobs of carrying crumbs in our minuscule lifetimes instead of having a broader perspective of the big-picture patterns and cycles, the important interrelated things driving them, and where we are within the cycles and what’s likely to transpire.’”

graphic image of a book and reading glasses A Good Weekend ReadUSAGOLD note: The link goes to the short version of Stoferle and Valek’s trek through the many layers of influence on gold pricing and demand. This year they emphasize the “multi-layered paradigm change” centered around the merger of monetary and fiscal policy, mentioned in the post immediately below. I had not seen the quote from Ray Dalio previously and thought his insight worth passing along for your consideration. It brings to mind a similar thought from Financial Sense’s Jim Puplava we included in the September 2020 edition of News and Views:

“I have found throughout my long investment career that an investor needs to make very few investment decisions in their lifetime. The key is to identify a long-term trend as it begins to emerge, invest in that trend, ride it until it ends and another trend replaces it. As an example, U.S. stocks in the 50s and 60s, commodities in the 70s, Japanese stocks in the 80s, tech stocks in the 90s, commodities in 2000s, and tech and paper assets in the 2010s. The next trend that is emerging will favor things or hard assets. This is what the gold markets are telegraphing now. This trend will be inflationary driven by resource shortages and a tsunami of money printing.”

At any rate, we feel there is a great deal to be gained by a visit to this year’s edition of In Gold We Trust.



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