gold, page-103034

First 103034 Last

Share
Profile

Follow
gapup

3,463 Posts.

43

25/11/21

20:50

Post #: 57864098
Share

Originally posted by AverageJoe: ↑

The idea behind Bitcoin started after the GFC, I'm sure you are aware of the history. That money printing was the MMT large scale experiment, kinda like the current pandemic and experimental vaccine. The gold crowd used the trigger to cast hyperinflation theory and briefly gold rallied.

If hedging is to maintain purchasing power, I can understand protectionism using typical tariffs but globalisation circumvent for the shrinking of purchasing power through higher inflation by moving production to low cost nations. Currently big Tech is the second phase of cost reduction especially money transaction and in time blockchain will revolutionise all forms on contracts including institutions administering the bureaucracy. In fact I can go even further by saying AI will revolutionise the police force and investigative effectiveness involving data and face recognition but that is more a legal human right matter.

A decade plus of money printing with tepid inflation and only by the use of extreme MMT through the direct injection of helicopter money triggered by the pandemic did we suddenly feel the effects of a need to smash inflation down. This high inflation currently is pandemic lockdown from China as supply chain was impacted.

I don't see how Feds can even start talking up interest rate hike without destroying all the highly valued asset class propped up by ultra cheap money.

I hope my understanding is wrong and gold will hedge a rapidly losing purchasing power but I'm not convinced by the logic yet.

Expand

I’m a bit like you, why hasn’t gold taken off ? and if it hasn’t, will it ever because it should be a lot higher……
im not buying the manipulation conspiracy theories
2 Upvote

0 Great analysis

Reply

Top Stories

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

What's causing the cost-of-living crisis, and how to navigate it