History repeating- quote of the week
At this point in history we find ourselves, where the leading economies of the world are rampantly printing money and holding interest rates to near zero at the same time that posturing’s of war escalate, the famous and insightful words of Earnest Hemingway have rarely been more relevant…
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
One asset thrives on this and that is precious metals bullion – gold and silver.