I’m Feeling increasingly uneasy about the economy and financial system. We don’t be anywhere out of the woods yet.
Many others seem to be feeling the same, perhaps this is why gold is hitting all time highs, even when everyone seems to be talking deflation!
I’m still relatively heavy in gold, via ETFs and mining stocks, etc . I do have solid downside protection in event of sizable gold fall. It is a relatively volatile commodity
Chinese have been net sellers of US debt last couple months, they seem to be using the treasuries rally to reduce their exposure to US debt. I guess they also see endless trillion dollar deficits for years. At some point there is a breaking point, when people and govt stop buying US debt, yields would have to rise, leading to heavy or hyperinflation. This is an economic doomsday scenario.
Are more people investing in gold because it is the currency of last resort?
