One key reason gold is doing so well
I've been saying US consumers will need to forget the good ol' days of 2% or less inflation. They're not coming back - at least not in any sustainable fashion.
The cost (and sins) of years of QE, binging on debt, and an overextended military have permanently eroded the purchasing power of the almighty US$.
It's one key reason #gold $Gold - main 2406(GCmain)$ is doing so well. - Consumers are getting frustrated with stalling inflation
So true. The days of your dollar today buying the same goods next year and the year after... is OVER. Time to join the rest of the world in a more realistic expectation of inflation.
And that's going to have a significant impact on the way people spend and invest their money going forward. $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$
https://twitter.com/BrianTycangco/status/1778828924337934715
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- BernardLL·04-16Gold is the best defence against inflationLikeReport