DISCLAIMER: GOLDINVESTMENTCOMPANIES.COM IS AN AFFILIATED PARTNER FOR GOLDCO PRECIOUS METALS, AUGUSTA PRECIOUS METALS, AND BIRCH GOLD GROUP, PROMOTING THEIR GOLD IRA, GOLD 401K TRANSFER AND BITCOIN IRA SERVICES AND PRODUCTS.
The problem with the “inflation is transitory” argument is that it overlooks the growth in money supply, said Willem Middlekoop, founder of Commodity Discovery Fund.
Middlekoop spoke to Kitco on Friday at the Deutsche Goldmesse show in Frankfurt, Germany.
https://www.kitco.com/commentaries/2021-10-25/Inflationary-pressures-is-persistent-the-new-transitory.html
The Biden administration and Fed officials have stated that inflationary pressures are transitory based on pent-up demand, supply chain bottlenecks and labor shortages
“Nobody’s mentioning the 800 pound gorilla in the room and that’s money growth and currency debasement. Almost 25% of all dollars in M2 circulation–that’s deposit and physical money–grew by almost 25% in the last 18 months,” said Middlekoop.
“It’s a normal reaction. Everything the government can’t print will go up in value.”
0:38 Inflation is driving up the price of gold, real assets
3:16 How to protect yourself from inflation
4:40 Why the silver price could go higher
6:15 China jitters and possible effects on the global economy
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter – https://twitter.com/kitconewsnow
StockTwits – https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
