David Collum: Hyperinflation Risk Is Higher Now Than Ever

He believes the gold equities are finally in a better place after a long period of being dismal. Companies seem to have finally figured out how to make money again. He looks for low valuations, cash, dividend yields, and ideally projects in politically safe jurisdictions.

David argues that price discovery is completely broken and now largely controlled by algorithms. Today’s markets and democracies are primarily the wisdom of crowds which breaks down when everything becomes correlated to one side. This is why price discovery no longer works today.

HODL’ers are underestimating the savage-ness of central banks and governments. He respects what Crypto enthusiasts are trying to achieve. They may win in the end, but it’s not going to be fun. He argues that institutional investment is unlikely to be good for cryptos as this smart money will pump and dump these markets.

Time Stamp References:
0:00 – Introduction
0:30 – Year-In-Review
2:23 – Wealth Creation
6:21 – WTF in 1971
9:56 – GDP & Reversion
16:02 – Dumbest Bubble
20:05 – Questioning Experts
23:25 – Faith and Gold
27:44 – Inflation
29:28 – Gold Equities
35:26 – What to look for
37:25 – Gold/Silver Ratio
41:07 – Price Discovery Broken
43:08 – Crypto HOLD’ers
48:15 – Silver Enthusiasm
49:48 – Authoritarianism
51:51 – Wrap Up

Talking Points From This Episode

  • Reviewing the 1970s and then end of the gold standard.
  • Why we are living in the dumbest bubble in history.
  • Faith in the system and holding gold.
  • Cryptocurrencies and why institutional investment is bad.
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