“Here is a group of professionals who manage billions and from one Roundtable to the next can’t agree on whether we’re facing imminent global depression or economic upswing.” — Beating The Street, Peter Lynch (1993)
Thank you including Felix Zulauf's view. I miss his Barron's roundtable views. As an aside, he mentioned he has traded his gold position well enough that he is in it for a credit.
Even though you are having to write using lemon juice that has to be held up to light to read or in language of the Navajo code talkers, I enjoyed this week's article. I suspect it is confirmation bias on my part.
I've followed your blog for several years now from the Czech Republic. And regarding your comments on gold thought it might be interesting to share some info from here. The Czech National Bank (CNB) has run an aggressive interest rate rising cycle over the last 18 months, bringing rates up to 7%, this with a stable economy has driven the value of the Czech Koruna up by 11% against the Euro. Ironically inflation has persisted in double digits (seems greed driven). The economy now seems to be slowing drastically, and the CNB has announced it's implementing a strategy to sell some foreign currency reserves to increase its gold reserves. A sensible way to protect against USD and EUR devaluation, and surely will be a strategy of other nations. So this may be a further supporting factor for your view on gold.
“Here is a group of professionals who manage billions and from one Roundtable to the next can’t agree on whether we’re facing imminent global depression or economic upswing.” — Beating The Street, Peter Lynch (1993)
Thank you including Felix Zulauf's view. I miss his Barron's roundtable views. As an aside, he mentioned he has traded his gold position well enough that he is in it for a credit.
Even though you are having to write using lemon juice that has to be held up to light to read or in language of the Navajo code talkers, I enjoyed this week's article. I suspect it is confirmation bias on my part.
I've followed your blog for several years now from the Czech Republic. And regarding your comments on gold thought it might be interesting to share some info from here. The Czech National Bank (CNB) has run an aggressive interest rate rising cycle over the last 18 months, bringing rates up to 7%, this with a stable economy has driven the value of the Czech Koruna up by 11% against the Euro. Ironically inflation has persisted in double digits (seems greed driven). The economy now seems to be slowing drastically, and the CNB has announced it's implementing a strategy to sell some foreign currency reserves to increase its gold reserves. A sensible way to protect against USD and EUR devaluation, and surely will be a strategy of other nations. So this may be a further supporting factor for your view on gold.