The mainstream’s got it wrong

March 30, 2021 by No Comments

Daily Reckoning/James Ricards/3-23-2021

cartoon image of man flipping a gold coin“Savvy investors know the dollar price of gold is volatile. They keep their eye on the long-term trends and long-term drivers of the gold price. Sophisticated investors don’t sweat the dips. They see the occasional drawdowns as a great entry point and buying opportunity. So do I.”

USAGOLD note:  Rickards goes against the rising tide of inflation expectations by saying that instead of inflation “deflation or disinflation will reappear.” Gold, he adds, wins either way. We see the economy’s direction as a flip of the coin and that’s why we present the range of arguments here at the Today’s Top Gold News & Opinion page. Those of you who frequent this page know that we agree with Rickards:  Gold wins either way.

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Original source: https://www.usagold.com/cpmforum/2021/03/the-mainstreams-got-it-wrong/