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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (113124)	11/13/2020 2:20:31 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 116957

Re: just like a country printing money to inflate away it's debt, there is a limit Actually, there is no limit. Powel told you as much when he said the Fed never runs out of ammunition. The fundamental misunderstanding that many individual investors seem to have is that there is something analogous to a law of physics that limits what the government or the Fed can do. There isn't. And importantly, the fact that the Fed (and most governments in the world) have no choice but to inflate their way out of the mountain of debt that their country is under is the very reason why the stock market is underpriced. Things have inherent value (which is something you guys should appreciate <ggg>). When the value of money drops more than the value of the item of interest, then its price increases. Another way of saying this is that inflation increases asset prices - which is duh, the very definition of inflation. Now it may not increase the asset prices as measured by CPI if the economic activity is suppressed, but it will certainly increase the price of production assets, AKA the stock market. PS I sold all my big winners during the run up on that day - 30% - 50+% is more than I could have expected in the year, let alone a few weeks.