Open Madness In Global Bond Markets: Got Gold?
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The Real Trade of the Decade? The market is abuzz about the next round of fiscal stimulus coming from Washington, D.C., and the “reflation trade” is dominating the discussion. This trade involves buying commodities, energy, basic materials, base metals like copper… and hybrid monetary/industrial metals like silver. Of all metals, silver has the highest electrical conductivity. That makes it ideal for solar cells and electric vehicles. So with solar use increasing, and with electric vehicles being the future in the auto industry, the future looks bright for silver. I still like gold a lo...
Money standardizes the value of currency. If the supply of currency grows at a rate which exceeds the growth of aggregate economic contributions, the value of economic contributions is hence diluted. That may sound backwards, so think of it in terms of an annual futures curve: If one unit of spot labor is $100, and one unit of 3-year future labor is $300, the spot labor is worth less (ignoring present value calculations). However, very few of us have the option to defer labor 3 years into the future, hence we complete labor at present compensation, in effect “selling the spot, buying the fu...