Quote:
Originally Posted by bdub
Of course the money supply has been growing for decades. Nothing new or unusual with that. 2-5% is typical for m1+ and m1++. We have growth rates in m1+ and m1++ of 26% and 22% right now in Canada. 13% in m2++. I wonder what the implications will be for such high rates of growth in the money supply compared to growth in the economy. Makes me go hmm.
I got back into gold in 2018 after a long absence. It was a great move. There will come a day when I’ll get out. I’m not married to it and its not my only asset. Its got its place right now though. We’re up a couple hundred percent on a couple of our gold companies in the same time period. I’m not married to them either.
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Yeah I think that many doom and gloomers are born pessimists holding gold for an inevitable crisis (a fairly high probability event) and they will inevitably hold it right through all crises thinking that every crisis will only get worse (lower probability event).