The Debt-Inflation Spiral Is Driving Up The Demand For Gold

Measured in dollars, the current bull market for gold started in December 2015, since which its price in dollars has almost doubled. Other than the odd headline when gold exceeded its previous September 2011 high of $1,920, only gold bugs seem to be excited. But in our modern macroeconomic world of government-issued currencies, which has moved on from the days when gold operated as a monetary standard, it is viewed as an anachronism – a pet rock, as Jason Zweig of the Wall Street Journal called it in 2015, only a few months before this bull market commenced.

Well, we are now witnessing the cataclysmic ending of the Keynesian fallacy – the destruction of macroeconomics in a systemic failure centered on paper markets for gold and silver…


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