Gold and Digital Gold: Both Assets Look Great
By: Stewart Thomson
GoldSeek.com
Tuesday, 24 July 2018
1. In 2013 and 2014 I predicted the Fed would lead the ECB and the BOJ in a slow but steady reversal of central bank policy, from QE/low rates to QT and relentless rate hikes. Even more shockingly, I predicted this would create a money velocity bull cycle in most Western countries. I also suggested that during this process the world’s greatest asset (gold) would regain its position as the most respected asset.
2. Please click here now. Double-click to enlarge. I’m predicting that the ECB joins the Fed in substantial balance sheet contraction in 2019, and the BOJ won’t be far behind.
3. As that happens, I expect the dollar will resume its long-term bear market against gold and experience a substantial decline against the yen.
4. Institutional money managers are becoming concerned about the decline in liquidity in many bond markets around the world. I would suggest this is only the tip of the inflationary iceberg.
The Rest…HERE