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| | | ADVERTORIAL | | The Wall Street Journal: Will Inflation Stay High For Decades? One Influential Economist says Yes. | | March 9, 2022 10:02 am ET
The ECB's chief economist, Philip Lane, said in mid-February that inflation could remain high even after the pandemic is over, pointing to changes in the world economy such as the role of China and aging populations.
Mr. Goodhart, who in addition to his economics work raises sheep on a farm in Devon, England, studied economic history at Harvard University. He joined the Bank of England in the 1960s as an expert in monetarism, which attributes inflation to an excess amount of money in circulation.
"After a long period of very low inflation, many did not expect inflation to come back quickly and forcefully," she said. "Then the unprecedented economic disruption happened, caused by the pandemic, and inflation suddenly returned."
Mr. Goodhart reasoned that a seismic shift was under way in the world economy, one that fiscal stimulus and the post-pandemic recovery would only hasten. A long glut of inexpensive labor that had kept prices and wages down for decades, he said, was giving way to an era of worker shortages, and hence higher prices.
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"The coronavirus pandemic will mark the dividing line between the deflationary forces of the last 30 to 40 years and the resurgent inflation of the next two decades," said the 85-year-old economist in an interview.
"I take the things Charles says very seriously," said Isabel Schnabel, who sits on the European Central Bank's six-member executive board.
Mr. Goodhart predicted that with global debt at record levels and asset prices elevated, central bankers will struggle to tame inflation without forcing a deep recession. A golden era for central bankers is ending, he said, and "life will become a lot harder."
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"You Have To Be Prepared For A Future With More Black Swan Events" If there's one thing the world has taught us over the past 18-24 months, it's that everything can change… in an instant.
We've seen the world shut down over a virus. Riots, looting, and chaos spilled into the streets in some of the most stable democracies in the West.
As the President and Chief Operating Officer of Palantir Technologies recently put it, "You have to be prepared for a future with more Black Swan events."
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And that's why Palantir purchased roughly $50 million worth of gold.
But they understand that gold is a hedge– a financial insurance policy that literally goes back thousands of years.
Over the past 20 years, for example, gold has vastly outperformed the S&P 500.
$10,000 invested in gold in 2001 would be worth around $65,000 today, while $10,000 invested in the S&P 500 in 2001 would be worth roughly $45,000 today, assuming all dividends were reinvested.
In the 1970s, when inflation was running rampant in the US, 'real' assets like gold posted astonishing returns, while the stock market went absolutely nowhere.
Most importantly, it's worth asking the question– "are you prepared for a future with more Black Swan events?"
On another note… We think gold could DOUBLE and silver could increase by up to 5 TIMES in the next few years.
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Bloomberg: Think Everything's Expensive Now? Get Ready for What's Next February 16, 2022
"We're in for at least another 12 months of inflationary pressures," Unilever CEO Alan Jope said in a Bloomberg Television interview. "We are in a once-in-two-decades inflationary environment."
U.S. inflation has accelerated rapidly this year to the strongest since 2008. Across developed economies, the post-pandemic supply-demand imbalances have pushed the rate above 4% for only the second time in the past two decades.
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In the U.K., the cost of hedging against inflation over the next decade rose on Friday to the highest level in 25 years.
"This is a story that's consistent across the world," said Jennifer Lee, senior economist at BMO Capital Markets. "It's just something consumers have to resign themselves to right now."
"What we see from the inflation front is that the situation is going to get worse and then of course we're working on pricing to make up most of that," Schneider said.
Danone has also indicated that shoppers in Europe and the U.S. won't escape the squeeze. It expects costs to rise about 9% in the second half of the year. "We could see even higher inflation rates next year," Chief Financial Officer Juergen Esser said on a conference call.
The Federal Reserve said in a report on the U.S. economy this week that many firms are showing a "greater ability to pass along cost increases to customers amid strong demand."
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Is $3k Next For Gold Price After Breaching All-Time Highs?
Tuesday March 08, 2022
Investors are viewing the precious metal as a hedge against risk, inflation, economic shock, and additional geopolitical uncertainty, according to analysts.
Gold saw a massive move to new record highs above $2,070 an ounce as markets priced in America's ban of Russian oil and other energy imports.
The geopolitical uncertainty concerning Ukraine and new sanctions against Russia have created strong demand for gold.
"Gold is in considerable demand as a safe haven, as evidenced by persistently high ETF inflows.
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The consequences of these developments are additional price shocks and significantly higher inflation for longer than previously estimated, said Melek. "Certainly, in the near term, there is not much to replace that Russian supply. I was saying we could see $145 oil, but it could go higher," he said. For gold, this means more demand, including more central bank buying, which has a big impact on prices due to the usual volume involved.
As sanctions against Russia continue to escalate, some analysts are not ruling out gold approaching $3,000 an ounce.
The path to that level is possible in light of potential central bank gold buying that the world could see this year and the uncertainty around the Federal Reserve rate hikes.
Gold is being viewed as a tangible asset that no one can take away, Melek pointed out. "I suspect there is a lot of purchases by central banks.
"The Fed is going to be in a difficult situation policy-wise," Melek said. "If they get aggressive, does that really help inflation? Not really. The supply shock is there. Inflation impact from higher rates would be later. And there is already a negative supply shock, so it might not be wise to do this. The Fed's tightening won't be near enough to cause real rates to move up sharply. And therefore, gold is going higher."
Bloomberg Intelligence sees gold outperforming other metals in 2022, citing enduring trends favoring the precious metal.
"What I am bullish on is gold. It is going to be the biggest performer here in 2022. You should see a move up to the highs from 2020. There is even a potential for a $3,000 price target on gold. You have to look at the inflation numbers. I don't think inflation will go back to 2%. The Fed will taper, but ultimately people will rotate into gold," Soloway said.
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About Patriot Gold Group CEO Jack Hanney 
Jack Hanney is the CEO & Co-Founder of Patriot Gold Group, and a nationally sought after financial speaker and guest. Recently featured on Fox Los Angeles "Good Day LA", he was interviewed on his insights on the global health crisis and its impact on the economy, and he accurately predicted the catastrophic 17% pullback we saw last week. His interview can be viewed here: Fox Interview
Learn Why Smart Money is Moving to Precious Metals in 2022.
What Can You Do To Protect Your Retirement in 2022 and Beyond? - Former Chiefs of Goldcorp Expect $3000 Gold in the Near Future.
- Global Inflationary pressures coupled with record breaking job openings is ushering in dreaded Stagflation. Hyperinflation & a global energy crisis eerily reminiscent of the 70's brings to mind Mark Twains quote "History never repeats itself, but it does often rhyme."
- Labor shortages and massive supply chain issues ahead of the Holiday season and going into 2022 have Economists and Financial Market Strategists forecasting it's going to get a whole lot worse before it gets better.
- The Federal Reserve has committed to tapering their asset purchases in 2021; just as the Liberal Democrats want to raise our debt several trillion dollars to "address structural problems in American society." As this Administration plans to weaponize the IRS and pass the "largest tax hike in a generation" affecting corporations whose share prices are already in "bubble territory" the demand for Gold & Silver and Gold & Silver backed Self Directed IRA's has skyrocketed.
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Why Are More Americans Than Ever Using Precious Metals in Their Investments?: - #1: Protect from the U.S. Dollar's ongoing loss in value.
- #2: Ensure that they will ALWAYS have value.
- #3: Safeguard from any downturn in stocks from Chinese virus and stock market volatility.
Goldman Sachs, Bank of America Merrill Lynch, Citigroup and Wells Fargo are calling for a single ounce to grow to $2000-$3000 in the next 12-18 months due to The Feds response to the pandemic and monetary policy. What are you waiting for? Patriot Gold Group make buying easy and safe. Patriots Protecting Patriots. Top Rated Gold IRA dealer 2016,2017,2018,2019, 2020 & 2021 by Consumer Affairs. Work Directly With An Owner. No Fee For Life IRA *on qualifying rollovers. Request a Free Investor Guide and Learn about our exclusive No Fee For Life IRA account.
Why This Matters To Most Retirement Account Holders.
| | Why This Matters To Most Retirement Account Holders. | Did you know that Gold is the best performing investment class since 2000?
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Heading into 2022 are you prepared? Economists, Financial Market Strategists and Bank of America are forecasting ZERO returns for the stock market over the next 10 Years!
1970's era Inflation has gripped our economy and Americans are helplessly watching as the purchasing power of their dollar shrinking. The Fed is backed into a corner, raise rates like Fed Chair Paul Volker ('80-'82) and crash the economy or let Inflation destroy the USD.
As hyperinflation is wreaking havoc on our economy along with the Democrats proposing multi trillion-dollar legislation (Build Back Better & Infrastructure) and the "largest tax hike in a generation" Democrats are also weaponizing the IRS to "make the economy more fair." Economists like Nouriel Roubini are warning dreaded Staglaftion could replace Inflation with the historic number of job openings (11M) and slowing economy.
Patriot Gold Group offers the tax free, penalty free, "2021-22 Inflation Protection NO FEE FOR LIFE IRA" rollover, in which you can roll out of paper denominated assets, stocks & bonds at multi year highs INTO Gold & Silver with forecasts ranging from $2200-$5000/ounce for Gold (Jeffries) and $50 - $150/ounce for Silver. Bloomberg recently stated, "Buy Gold, Sell Stocks is the 'Trade of Century' according to Crescat Capital LLC."
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