In this episode Moses Kim explains that the rising prices in commodities and precious metals show that the US will be living in an inflationary environment for a long time to come. The massive US government debt and lack of economic competitiveness further ensure that the American dollar is only going to see lower valuations in the years ahead. Deflationists (like the Optimistic Bear) are mis-reading comparisons with the 1930s and Japan’s 20 year odyssey with falling prices. Precious metals, stocks, commodities, and emerging markets are the places to invest.
That said, Moses warns that Gold could be in store for a sharp, yet brief, correction.
You can find more of Moses’ ideas at:
http://expectedreturnsblog.com/
NOTE: Remember to tune into the Optimistic Bear weekly financial round-up every Tuesday at 9:00pm, Pacific Time. You can also listen to previous shows.
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