Interesting article. All this global money printing and interest rate manipulation has produced a $50+ trillion pool of zero-return zombie capital that has created the not insubstantial risk that a significant portion of this pool may one day look for greener and more productive pastures. If those pastures turn out to be the holding or storage of physical assets such as precious metals, base metals, rare earths, timber, grains, Freddo Frogs, etc then it will be on like Donkey Kong in terms of inflation and supply chain risk. And you don't want to be holding zero-return assets in an inflationary environment. You want to be first out the door and making a beeline towards those greener pastures. And if that happens on any sort of scale then it really does start getting interesting, particularly if you hold or produce those physical assets in the first place.
