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  • This could be the best argument for gold you'll read this year



    This is a must read. It is the clearest assessment of what has happened since 2008 I’ve ever read. It also reveals the complete incompetence of bankers and politicians in solving what ails the global economy. He clearly explains why massive multinational corporations are able to generate profits by adapting to the idiotic economic measures instituted by countries around the globe. Only the average person on the street gets screwed in our global economy. The huge corporations, bankers, and politicians are doing just fine. Lastly, he makes a great case for the average person to own physical gold. These two quotes from the article are brilliant and truthful:

    “This environment redistributes wealth from savers to debtors on a scale of over $2 trillion per annum or $55 billion per day. This must be the biggest legal robbery ever in human history. But it is always coded in arcane academic lingos spoken by respected central bankers with impeccable CVs. All that is just packaging; it is robbery nevertheless.”

    “Yes, gold doesn’t bear interest. Many, including Warren Buffett, belittle its investment value. But, paintings or antiques don’t bear interest either. When money supply is rising, anything scarce tends to rise in value. Gold is the best scarce commodity in the world. There are more artists that can paint more paintings every day. 80% of the world’s gold has already been extracted. The remaining 20% will be dug up in the next 20 years. The money supply will grow forever. But the gold supply can grow only by 25% and no more.”

    The enduring glow of gold: Andy Xie
    Despite ripple of skepticism, gold is the ultimate hedge on inflation
    By Andy Xie

    BEIJING (Caixin Online) — The global economy has already entered into stagflation with a growth rate of 2% and inflation at 3%. The inflation rate is likely to rise above 4% in 18 months while the growth rate will remain stuck in the same range.

    With inflation twice as high as the growth rate, the global economy will slip deeper into stagflation.

    The recent decline in commodity prices doesn’t signal a reversal in the inflationary trend. It is a onetime redistribution of mining income to consumer purchasing power.


    The prevailing negative real interest rate channels monetary growth above economic growth into inflation wherever there is shortage. Manual labor in emerging economies, skilled labor in the developed economies, agricultural commodities, rent, healthcare, education, etc., are leading the inflationary trend.
    Inflation expectations are already a self-reinforcing influence on emerging economies such as India. It will take root in developed economies. When this occurs, the global economy will run into an inflationary crisis as a result of wrong-headed policies used to deal with the financial crisis.


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