"Investors are about to find out that safety net isn’t there anymore because price inflation is no longer low."
So, why hasn't the market gone down yet? Maybe because a lot of Boomers are sitting on their FAANG stocks and don't want to sell to buy T-bills for income - yet. So they're turning to selling premium and the options dealers are forming ETFs to make even bigger markets in them. What could possibly go wrong?
Fundamentally, I agree with a LOT of what Peter says, unfortunately he is starting to sound like "the boy who cried wolf" with his constant "Bitcoin is gonna crash" and "gold/silver/precious metals miners have bottomed."
Edit: I'm not sure if Gareth Soloway will be correct, but he's calling for a (temporary) top in oil around the $90-$93 level: https://www.youtube.com/live/IDtDV4gK2tA
I guess we'll find out who's right, but I'm slowly starting to question whether the idea of "buy and hold" is such a good idea. Perhaps it's time to become more agnostic about gold and silver and just (day/swing) trade it? Of course the profits (provided you're a good trader) will be in 'fiat money' and will need to be reinvested into something else, nevertheless we're dealing with much bigger forces here and they don't say "don't fight the Fed" without reason.
I found off the hard way by buying (and holding!) shares in Russian commodity companies, almost all shares are now delisted and the money is "poof" gone. I can easily see the same happening to gold/silver miners if 'The Powers that be' deem them 'systemically important' enough to nationalise or confiscate. p.s. and don't count on the rest of the sheeple to come to our rescue. As we saw during the recent "pandemic" and now during the Ukrainian conflict, they just obey and follow orders.
The Fed doesn't control the price of money, the markets do.
bitcoin will begin this collapse, peter will be SO right, happy for him
Best thing to do,is to partner up with great businesses and buy stock in those companies,as long as their stock isn't overpriced.Otherwise,if you have the skills to profitably deliver goods and services,start your own business.
Another significant issue is the amount of debt the US needs to sell - not including the bonds from “quantitative tightening”. I think regardless of what the FED does, the curve is going to steepen. The fact that the US didn’t sell a gazillion dollars of 50yr bonds when the 10yr was at 50 basis points is criminal