The U.S. Economy After The Pandemic

For all the talk about pent up demand driving strong economic growth after the pandemic, the truth is we must pay the bill for all the stimulus during the pandemic. Because we borrowed so much to mitigate the recession, we need to spend less during the recovery to repay the debt.

Rising Long-Term Rates Shouldn't Be Hurting Gold

Rising long-term interest rates are not helping the U.S. Dollar so they shouldn't be hurting gold. 

The U.S. Dollar is falling despite rising nominal rates because the rise is driven by inflation fears. The Federal Reserve is so far behind the curve it can't even see it. 

This is very bullish for gold.

Lots Of Electrical Power Is Wasted Creating Bitcoin

You can't power anything with Bitcoin.

But a lot of power is wasted creating Bitcoin and operating the network.

Once Bitcoin crashes for good, and all of this finally nonsense finally comes to an end, all of that power will be freed up for productive uses.

Gold Is The Best Money, Not Bitcoin

Bitcoin can't be money as money is the most marketable commodity. 

Bitcoin is not a commodity, so it can't be money. The best Bitcoin can ever hope to be is a digital fiat currency, but it hasn't even managed to achieve that yet. 

Gold is the best money.

Permabulls

It's not a surprise that CNBC's permabulls, who once urged investors to buy stocks based on Trump's plan of tax cuts and deregulation, are just as bullish now despite Biden's plan to raise taxes and increase regulation. They're saying not to let politics influence investments.

Gold & Treasury Yields

Gold traders are the only ones worried about rising Treasury yields. 

Ironically the insignificant rise is actually even less relevant to gold than to other commodities or investment assets. 

If annual inflation is 10% does it really matter if 10-year Treasuries yield 0.9% or 1.1%?