Good Wednesday to you,
My mid-week commentary may end up a day or two late this week, as I am travelling, but in the meantime here is episode 2 of the New Orleans series.
It features the legend that is Peter Schiff, economist, investor and long-time sound-money advocate. He believes almost every path now facing policymakers ultimately leads back to gold.
The Federal Reserve, says Peter, cannot genuinely defeat inflation without inflicting enormous damage on the housing market, stock market and wider financial system. We discuss the growing losses embedded in the US mortgage market, America’s extraordinary debt burden, why another round of quantitative easing could trigger a sovereign-debt and dollar crisis, and what happens if confidence in the dollar itself finally breaks.
I didn’t know this but as well as gold Peter owns a lot of mining equities.
These episodes of Money, Markets and More are brought to you by 🥇 The Pure Gold Company.
If you live in a third world country such as the UK, I urge you to own gold or silver. The pound will be further devalued, as will the euro and dollar. The bullion dealer I use and recommend is The Pure Gold Company. They deliver to the UK, the US, Canada and Europe. More here.
Follow Peter on X or on YouTube. Learn more about Euro Pacific Asset Management.
And, if you missed episode 1 with Grant Williams, a conversation I heartily recommend, it is here:
Until next time,
Dominic
The Secret History of Gold is getting rave reviews and is available around the world at all good bookshops. The audiobook is especially popular.
Disclaimer:
I am not regulated by the Financial Conduct Authority (FCA) or any other regulatory body as a financial advisor. Therefore, any information provided in this newsletter does not constitute regulated financial advice. It is solely an expression of opinion. Small-cap stocks are inherently risky. Please conduct your own due diligence and consult with a financial advisor, if you have any doubts. Remember, markets can both rise and fall, especially in the case of small and mid-cap stocks. I am not aware of your individual financial circumstances, so only invest money that you can afford to lose.
