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Richard's Remarks

I’ve been noting the prices being paid by the wealthy 5% of Americans and by foreigners may be a sign of things (prices) to come. Is the $19 billion that Facebook paid for What’sApp a hint of future prices? It occurred to me that the extraordinary prices being paid by today's wealthy could correspond to the hyperinflationary prices that we will see 3-5 years in the future. Thus I think today's wealthy are establishing the hyperinflationary prices that we may see in all items during the next 3-5 years.

 

If this is true, we should see the entire stock market moving higher, as it discounts future hyperinflationary prices. If hyperinflation is to be our future, the one tangible currency, gold, should be our best protection. If hyperinflation is in our future, then gold and the stock market should now be discounting it. The fact that we have not had a 10% ... Log in or subscribe to continue reading.


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