RE:Watching gold and silver pricesIt's really amazing to see the ultimate inflation hedge get pounded when inflation is running at 8% and the cost of food, energy, and rents keep moving higher. Something's goiing to break. Europe is in dire straits with people now refusing to pay their energy bills. And China is also in bad shape with their RE bubble bursting and people refusing to pay their mortgages. I just think the debt that has been accumulated globally is on the verge of imploding. US RE is a prime example of that debt. And sovereign debt just keeps growing exponentially. I agree with Charlie Munger:
Charlie Munger Predicts a Horrible Economic Crisis Where EVERYTHING WILL COLLAPSE
https://www.thehedgelesshorseman.com/uncategorized/charlie-munger-predicts-a-horrible-economic-crisis-where-everything-will-collapse/
My Comment: What's gold's role? Wealth preservation?
Excerpt:
Charlie Munger warns about the biggest inflationary bubble in world history bursting and shares his thoughts on how it is going to unfold. Charlie says that we’re flirting with serious trouble and the consequences may be worse than what Paul Volcker was dealing with in the 1970s.