In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris reunite to discuss:
- Dwindling options for capital
- Growth is slowing everywhere and more QE looks increasingly certain
- Mathematical disasters everywhere
- More bad news from Europe and Japan
- Housing market overhang
- We may see a 'lost decade' before prices truly recover
There's much to talk about as Chris and Mish reconnect after two weeks. Signs for new global liquidity measures are burning brighter than ever and sovereign risk in Europe and Asia is mounting. Stewards of wealth are finding it harder and harder to protect it, let alone grow it. Are we finally at the stage where the world wakes up to the relative sanctuary the precious metals offer?
Stars aligning for precious metals
Growth is slowing — or more accurately in many cases, is negative — around the globe. Those who are tasked with managing capital are not only finding it harder to generate returns, but many — like pension funds — are finding themselves woefully unable to achieve the actuarial returns needed to meet their obligations.
Further liquidity through quantitative easy is looking increasingly likely in the US and other major countries. If you are concerned about the resulting currency valuation, how can you defend against it? For many of these wealth stewards, the precious metals offer about the only logical option.
by rje