WEALTH WEDNESDAY: Wanted to take the time update y'all on Gold considering we should hopefully see a dramatic change in it's free market value! Here are some highlights from the podcast...
3. Dow/s&p down 5.5% during May
4. We are in a bear market with big rally’s
5. Fed keeps rescuing the market by taking rate hits off the table
6. Longest bull market in history
7. Bear market = false hope (aka trap) with new highs but they couldn’t sustain them
8. Going to revisit those lows, Fed is gonna come back but will have to do something
9. Next week maybe drop a few basis points
10. If longer might just go down to interest rates might just go down to zero
11. Not even QE should save this (too much air which will destroy the dollar)
12. Previous gold high dollar low, now gold low dollar high
13. The recession is going to be stagflation (meaning inflation goes up) which means bond prices are going to fall
14. No refinancing you home
15. Going to be worse than Great Recession which was worse than Great Depression but with inflation
16. Bonds that were bought during GR was simply monetizing the debt, wasn’t temporary
17. Bonds turn into money and not sold, will make massive inflation
18. A little bit about Hauwei
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