US Inflation at highest level in 39 years. Thanks Joe Biden!

[Leeban]

I nearly went all in on gold last year after falling into boomer Twitter . Alhamdulilah I came to my senses haha.

Gold won’t really generate wealth but it’s the best protection against inflation or deflation

Theyll tell you it’s a terrible hedge against inflation so they buy it up on the low

 

[Bo$$man]

Gold won’t really generate wealth but it’s the best protection against inflation or deflation

Theyll tell you it’s a terrible hedge against inflation so they buy it up on the low

I agree man historically it’s the best protection and I believe it will be the best hedge in 2022-23 as the equity markets sell off and inflation fears continue.

However, holding it during the last few years is a big L since we’ve had the one of the biggest market rallies in history in stocks and crypto.

 

[Kanan]

Wrong.

They never printed huge amounts.

Only in response to the 2008-2009 financial crisis and the corona crisis.

We shall see if this second attempt will be successful or ends in tears.

What about quantitative easing? It was going on since 2008 to keep the US economy floating.


American budget/expenditures are beyond their current local revenue sources/GDP. They print money from thin air to run their oversized government. Unsustainable arrangement fuelled by global reliance on Dollar.

Whenever they face a deficit they run to the Congress and pass a bill that lets them borrow more money from federal reserve (create new dollars)

This system is not sustainable at all. It's like living on credit card somebody it will bit le you in the ass.

 

[Apollo]

What about quantitative easing? It was going on since 2008 to keep the US economy floating.


American budget/expenditures are beyond their current local revenue sources/GDP. They print money from thin air to run their oversized government. Unsustainable arrangement fuelled by global reliance on Dollar.

Whenever they face a deficit they run to the Congress and pass a bill that lets them borrow more money from federal reserve (create new dollars)

This system is not sustainable at all. It's like living on credit card somebody it will bit le you in the ass.

It was unironically much smaller than the giga sized printing they did in response to corona.

Even the fake and dubious CPI statistic is creeping up while it didn't in response to the GFC money printing.