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Palisades Gold Radio
Feb 3, 2022
Tom welcomes Tim Price from Price Value Partners to the show. Tim argues that markets are completely irrational and central bankers are clueless. Bonds have become the enormous red-headed step-child of the markets. What happens with bonds affects every asset on the planet. Even the concept of interest rates at or below zero is completely extraordinary.
Ninety percent of those in finance today have no real understanding of what money is or its importance. The current money system doesn’t share any of the key characteristics of sound money.
There are three possible ways out of the debt problem but politicians always choose the inflation route because that’s where the political incentives align.
He is concerned about the possibility of a c***k-up boom because that could result in messy high inflation. We had several major shocks in the 1970s which ended with all sorts of civil tensions, not unlike today.
The Repo market crisis of 20198 may have been far more serious than the Fed admitted.
He explains their approach to protecting wealth in this environment. One approach is utilizing trend following while looking for value. They try to balance their portfolio against risk.
Western economies are hyper financialized and most consider gold to be a product of a bygone era. People have lost touch with the source code of what is real money. Money today is an abstraction of an abstraction and gold is the one tangible form.
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Crypto to an extent has grabbed the media limelight rather than gold.
It makes no sense to value gold in dollars if the dollar itself is not worth anything. There is no definition for the worth of a dollar. The gold rally will take off when gold finds new highs in every currency in the world.
https://www.youtube.com/watch?v=vNoqxJLQzc0
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