@realmoney Dec 17, 2020 | 08:12 AM EST DOUG KASS
I Like Gold More Than Ever
* Our politicians and central bankers have lost their collective minds as short-term thinking (and policy) has replaced long-term planning
Over the last few weeks I have moved back to a very large long
I Like Gold More Than Ever
* Our politicians and central bankers have lost their collective minds as short-term thinking (and policy) has replaced long-term planning
Over the last few weeks I have moved back to a very large long
position in gold, as represented by SPDR Gold Shares ($GLD) .
Both on the fiscal and monetary side I believe our officials have lost their collective minds.
Undisciplined and non-productive spending continues to run amok and so has our nation's bloated debt load and twin
Both on the fiscal and monetary side I believe our officials have lost their collective minds.
Undisciplined and non-productive spending continues to run amok and so has our nation's bloated debt load and twin
deficits while the rationalization for enormous infusions of liquidity by the Fed is now going beyond the pale.
With real interest rates in deeply negative territory I believe the price of gold may begin advancing more rapidly -- even, perhaps, bitcoin-like" in 2021 --
With real interest rates in deeply negative territory I believe the price of gold may begin advancing more rapidly -- even, perhaps, bitcoin-like" in 2021 --
as our currency ever depreciates. @jimcramer @tomkeene @business @ferrotv @SquawkCNBC @cnbcfastmoney @saraeisen @EconguyRosie @carlquintanilla @riskreversal @guyadami @joeterranova @ScottWapnerCNBC @threadreaderapp unroll
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