To kickoff 2021, Danielle DiMartino Booth discussed why there will be a big bull market in gold.
Bull Market In Gold
January 2 (King World News) – Eric King: “There was this push (into gold) during COVID. Now some people are saying, “The risk on investing into gold will go away,” but that’s not why gold is in a bull market. It’s in a bull market because we have the greatest monetary experiment in the history of the world being done by lunatic central banks across the globe. Can you talk about why you are invested in gold and what you see going forward?”
Danielle DiMartino Booth: “I call it “Monetary Madness.” And you’re right, it is global. So you have to look to gold. And I look at it on a more pragmatic level then simply the idea of fiat money destruction. I look at it as central bankers are stoking financial instability with all of this money printing that is only going to the top tier of earners. The Americans who own homes, there was $100 billion extracted in home equity — cash out refinancing — in the 3rd quarter. That is the highest level since 2007. 55% of Americans own stocks. They have benefitted from the Fed’s policies.
What I am saying is the transmission mechanism into the financial markets making them so overvalued, that is where I see the validity and the value of holding gold. Because gold has proven itself time and again, whether it’s in inflationary or deflationary times by the way, that when there is financial instability, when correlations line up for most asset classes (being in financial bubbles such as stocks), gold is going to go the other way (gold higher as stocks go down) and provide the perfect hedge for your portfolio…to listen to Danielle DiMartino Booth’s powerful audio interview CLICK HERE OR ON THE IMAGE BELOW.
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