Originally Posted by
Aaron
Great couple of days for gold. With each bailout, first the UK guilts now Silicon Valley Bank people might be starting to realise how worthless fiat currencies are becoming. If faith and trust in fiat currencies ever disappears things could change rapidly.
Anything bad that happens in the financial system will be met with money printing and lower interest rates. Default or inflation. I know which way I am betting. Pay rises for all, just not as much as inflation, everyone is happy. Higher deposit rates, fantastic, only 3% below the inflation rate, things are looking good.
What cost of living crisis? everyone knows that printing (or borrowing) more money and giving it to people will cure the cost of living crisis.