The New CS Board

[jumanji0881]

FWIW -
In Gold We Trust Report: https://ingoldwetrust.report/media/5c/cc/59/8a/in-gold-we-trust-2017-compact-version-english.pdf

My Comment: I just do not believe inflation will be the primary driver for higher gold prices. A recession will be deflationary as over-inflated assets will be forced liquidated. Gold will respond as a safe haven when other assets will be under pressure and the CBs are forced to print infinitum.

Excerpts:
This prompts the conclusion that the U.S.
is caught up for the third time within two
decades in an illusionary bubble economy created by money supply
inflation and equipped with an expiry date.
In comparison with the earlier two bubbles, however, the excess is not limited to certain sectors (technology in 2000, credit in 2008), but it is omnipresent and includes various asset classes,
especially also bonds and (again) property. In view of the current situation, the renowned analyst Jesse Felder rightly talks about an “Everything Bubble”


Upcoming recession fears resulting in a U-turn by the Fed, and the consequential depreciation of the US dollar would probably finalise the entry into a new age of inflation. This will be the moment in which gold will begin to shine again.

The ratio of total debt to the US GDP has been around 150% in the past 150 years. Historically, there have only been two significant exceptions: the 1920s (“the roaring twenties”), where a strong expansion of credit laid the foundation of the stock market crash and the Great Depression; and the current phase, which originated in the 1970s. Unlike October 1929, even more
debt was encouraged to build up in the economy
after the 1987 stock market crash, driven by Alan Greenspan’s loose interest rate policy. In 2009, the ratio was at 378%, reaching an all-time-high. Since then, gentle efforts have been made to deleverage, but at 365% we are still in unhealthy
regions. No trace therefore of deleveraging and austerity
.