You need to have some imagination to understand the bull market case for gold and silver. Not very much imagination, a little will do. The bears do tend to be traders rather than economists though we were saddened to see that Nouriel Roubini is about to trash his good name again by joining them (click here).
Perhaps in his case an innately pessimistic nature has just fastened onto the wrong negative. He thinks inflation is beaten and gold is no therefore no longer needed as a hedge. The Fed can print money until the end of time without any meaningful consequences. He will look right, of course, until he is hopelessly wrong. Continue reading “When the bond markets crash then gold and silver prices will go ballistic”