IAUM - You Can Either Buy Gold Now Or Do So Later At Much Higher Prices
- We are entering a stagflationary environment, similar to the 1970s, but in actuality, a far worse situation than 50 years ago.
- The Fed is hamstrung as the normalization of interest rates would have a detrimental impact on the federal deficit and debt.
- Some investors continue to have a misguided notion that higher interest rates are bearish for gold, but gold's best performance often occurs during rate hike cycles.
- Just like in the 1970s, inflation will ebb and flow. Core CPI and PCE inflation will likely come down over the next ~six months, but inflation will surge again soon thereafter.
- Gold is the truest inflation protector.
For further details see:
You Can Either Buy Gold Now Or Do So Later At Much Higher Prices