RE:RE:RE:RE:RE:RE:RE:RE:Monkfish tastes like lobsterI believe we are living in troubling times. Runaway inflation will upset the world as we know it. It is great if you are highly leveraged as long as you have a means of surving the cost of living increases until salaries catch up. Millions will not be able to survive and maintain what they got.
Just like quantitative easing, war is just a means of delaying the inevitable and some point we will have to reconcile all the things we have pushed off. This pandemic just accellerated things and the massive amount of money printed world wide is devaluing everything.
IMO, you need to have some physical assets such as gold and silver to bridge the gap we will be experiencing as inflation gets higher and higher. They say inflation in Canada is 5% but it is much higher. Utilitiy bills are double, eating out in restaurants has increased significantly and groceries are very high, even the basics such as milk has increased 20%.
I hope I am wrong but tell me why you think otherwise? I am interested in others perspectives.