Kitco interview with Dan Oliver
[edit] He also makes note of the tanking velocity of money and dismisses it as the product of inputs that have no real relevance (or something along those lines). Point is, deflationists to this day continue to go on and on about money velocity and are thus perma-prevented from investing for inflation. A liquidation will probably come, unless this time it’s different and a crack-up-boom awaits. But that’s why we use macro indicators along the way, eh?
Thanks to a subscriber for passing this along. Click graphic, get excellent interview and intelligent discussion about inflation, gold, real estate, the Fed and more. Highly recommended, and not just because his conclusion about the two options for where we’re going and his view that it is not gold that is in motion are the same as mine.
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