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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (192290)	9/30/2022 9:49:43 PM
From: bull_dozer	1 Recommendation Recommended By pak73 Read Replies (3) \| Respond to of 217557

Woe to the Rich! Spare a tear for the poor, embattled billionaire class... But all is not well. And today, we signal our virtue by sobbing for the victims. Not the victims of inflation; they are too numerous to mention. No, today we keen for those who have suffered most from deflation, caused by the Fed’s rate increases. And we’re one of them. Our account manager called to give us the bad news – we’re down more than 10%. Gold didn’t save us. Energy stocks weren’t spared. Chris Mayer’s carefully chosen value stocks went down with everything else. The only ‘safe space’ for the last 9 months was cash. US dollar cash! Can you imagine it, dear reader? It is like saving yourself from a shark attack by swimming farther out to sea. The dollar is the very cash that has lost 96% of its value since the Federal Reserve was set up to protect it. The very same cash whose worth is dropping faster than any time in the last 4 decades. The very same cash that the feds handed out like confetti at a wedding. You were supposed to throw it in the air and hope for the best. .. .. What the Fed giveth, the Fed taketh away. Which is alright with us. And it doesn’t matter much to the super-rich either, at least not yet. According to the principle of ‘declining marginal utility’ the more dollars you have, the less each additional greenback is worth. So, when you have billions, you don’t sweat it when a few fall off the back of the truck. But the principle of ‘declining marginal utility’ works in both directions. Each dollar earned is worth less than the last one. But each dollar lost is worth more. There must come a point, when the pain of lost dollars is more than the rich can stand. And then… what? In the meantime, we light a candle for Zuckerberg, Bezos, and all the wealthy deciders. May they endure their losses with grace and dignity… and wait for the Fed’s U-Turn. bonnerprivateresearch.substack.com

To: bull_dozer who wrote (192290)	10/1/2022 12:01:23 PM
From: bull_dozer	1 Recommendation Recommended By fred woodall Read Replies (1) \| Respond to of 217557

London Gold Dealer Runs Out of Bullion as Truss Budget Shocks Bullion priced in sterling came close to a record last week Brokerages see surge in demand from British retail investors When the pound slumped as Kwasi Kwarteng presented his mini-budget, some Britons rushed to the safety of a haven that’s recently lost its luster: gold. As the UK currency slid to an all-time low early Monday, bullion priced in pounds climbed close to a record. That would typically encourage selling and deter buyers, but this time round the turmoil in British bond and currency markets increased the allure of the precious metal. “Buying has increased exponentially,” said Ash Kundra, who runs coin dealer J Blundell & Sons in London’s historic Hatton Garden jewelry quarter. “I keep running out of coins, I keep running out of bars.” The rush for gold in the UK contrasts with the bearish sentiment that’s seen dollar prices for the precious metal slump by more than 20% from a March peak, as the Federal Reserve’s aggressive monetary tightening makes the non-interest-bearing asset less attractive. Still, bullion’s status as a hedge against inflation and currency debasement is keeping demand from retail investors strong. bloomberg.com