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Showing posts with the label gold

Coronapocalypse Now - Into the Heart of Darkness

Greetings, Today I would like to do a continuation of observations I had about our Coronavirus lives: - Cash is Trash . The Fed has decided to monetize not only government debt, but had a "special purpose vehicle", or "SPV" to purchase corporate debt. The reason they had to do this is because their charter does not allow them to purchase these types of (risky) assets, the SPV is housed at the Treasury, meaning with the executive branch. - This is sinister as it bypasses the need for the executive branch to ask Congress to loosen the purse-strings, Mnuchin, and by extension, Trump, can buy what he wants at will.  - Debasing the currency means that you should consider hard assets, either gold ($GLD, $IAU) or real estate. I have closed, or will close (removed contingencies) on 4 properties since this started, two of which are units. - Seriously, in case you missed it, go buy gold and real estate , when you debase a currency, assets denominated in that curre...