from Kerry Lutz's Financial Survival Network
The money supply is expanding at a rapid rate. Commodity prices have blasted off with lumber, oil, copper and many other items going near parabolic. The list goes on and on. Patrick Yip says it’s inevitable that once monetary velocity increases, we’ll see inflation like we’ve never encountered before. The airline and cruise industries are rapidly picking up and groceries are taking off. Energy prices are increasing quickly as well. Historically people have always gone back to gold as an inflation hedge. Putting money into gold is part of a sound way of diversifying your portfolio. Gold has under-performed most other asset classes for the past decade. Will this decade be different?
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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/3poW6C7
