Less Loose Will Lower Markets, Not Inflation – Ep 766
The Peter Schiff Show Podcast
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Do People Want to Lose Six % a Year?
In order to move the needle on the decision to be in gold versus dollars, you need positive interust rate. If fetter reserve went from interest rates at zero to ten % and if inflation was at seven, see, that makes a difference. But nobody is going to sell their gold to lose less money than they would have lost had the fed not slightly increased nominal rates. So people keep missing a point here. Nominal rates mean nothing. And as a matter of fact, i expect the inflation rate to accelerate faster than those rateies.
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