Investing In Monetary Disorder (w/ Bill Fleckenstein And Jim Grant) | Interview | Real Vision™

Investing In Monetary Disorder (w/ Bill Fleckenstein And Jim Grant) | Interview | Real Vision™


So let us say that one of these days, the
world reconsiders these monetary doctrines and comes to believe that digital currencies
materialize with the stroke of a key, or maybe voice command is now going to create money. But in any case, effortlessly created digital
currencies may, in fact, pose a danger. I think it was you, and you may have still
this up on your site, that in social democracy, all roads lead to inflation. I’ve held that view for a while now. I wrote the inevitable is certain, but not
necessarily punctual, I always say. So I think both of us– again, if I can presume
to talk for you, too– both of us are looking forward to the time at which scales fall from
the eyes of an important segment of the investment community. People who say, I really act on reflection,
I really don’t trust what they’re doing, and I want to invest in monetary disorder, not
to hedge against it, because we got it– I want to invest in monetary disorder and preserve
capital. So at that moment, perhaps, the gold price
going to go up, and particularly, perhaps, if it goes up in the face of a turnabout by
the central bank because we suddenly lose credibility because they have– they’ve shifted
from QT back to Quantitative Easing, to QE– that’s the setup. So anticipating that setup, how do you get
positioned for it How do you invest it? Well, I think that that has two aspects to
it because if we’d have talked about that two years ago, I’d have said, well, the market’s
going to start to smell that out and gold will start to go before it’s really clear
to everybody. Now we’ve gone through, because we’ve spent
so much time in QT and gold’s taken a beating six straight months down in a row– that I
think people think that the Fed’s being tough and rising rates mean gold can’t go up. Obviously, none of them know what happened
when Volcker jacked rates in October of 1989, the price of gold doubled in four months. But that’s the story from yesteryear. Rising rates aren’t necessarily negative for
gold. But that’s the storyline right now.

3 Comments

  1. Jim is so well read, well spoken and analytical that most people come off as half-studied school boys, when he talks monetary history. Bill is way out of his league, sorry!

  2. Jim is really more taller than Bill, I cant tell you that. regarding economic history and present, nobody knows nothing anymore. the way i see it, we are all in the pool and central banks have piss in the water, polluting it beyond salvation.

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