gfp: Since Trump might do a deal with the Democrats to abandon the debt ceiling permanently, and since the cost of the two hurricanes (so far) might hit a Trillion Dollars that we don't have....it looks like the Fed will be printing a lot more money in the coming years. Whether the financial Deep State can continue to prop up the bond, equity and real estate markets is the big question. Maybe it's just me but I wouldn't buy a US Treasury in any duration beyond 2 years. The risk of a breakout in inflation is still a possibility. Gold might be signaling that very thing. Why any individual or entity (except the Fed) would buy the 10 Year or more insanely the 30 Year Treasury at their currently low historical yields is beyond me. You are almost guaranteed to lose money/purchasing power. But the other side of that coin is where else can you park significant cash these days? There are no safe havens, except perhaps in precious metals, farm land, and things you have mentioned like art, etc. Damn difficult to plan when there are so many unknown variables. If the other G7 countries were not also running up huge sovereign debts and printing money at an unprecedented scale the Dollar Index would be in the 70s after the Fed's orgy of money printing and bond buying over the past 8 years. And Gold would be at $3000 an ounce at least.
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