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The trillions of dollars Biden wanted to spend could create "inflationary pressures of a kind we have not seen in a generation."
Business Insider: 4 Indicators Have Lined Up for What Could Be 'The Biggest Loss of Perceived Value from Assets That we Have Ever Seen'
To Grantham, the tales of frenzy and mania today are eerily reminiscent of the tech bubble, but signs of cracks are already appearing!
Silver was trading around $27 an ounce, a 74% rise from a year ago! "If we are serious about the green transformation then that will continue to attract demand for silver!"
In the past, safe havens against inflation have included gold bullion, other commodities, and real estate. They may protect investors again!
These numbers come at a time when the U.S. debt level has eclipsed 100 percent of the gross domestic product for the first time since World War II. This is completely reckless!
The case for having a portion of one's assets in gold has never been stronger as U.S. policymakers seem intent on undermining the purchasing power of the dollar like never before!
Silver is one of the most undervalued assets on the planet. Positioning yourself from current levels makes a lot of sense!
Indeed, if the president gets his way, the United States is headed at best for economic stagnation, if not 1970s-style "stagflation."
"Vulnerabilities associated with elevated risk appetite are rising. Valuations across a range of asset classes have continued to rise from levels that were already elevated late last year!"
The administration continues to hide the obvious damage of its spending extravagance that even its own people are seeing as a real possibility.