Monetary Metals Gold Outlook 2021

gold outlook 2021
This is our annual analysis of the gold and silver markets. We look at the market players, dynamics, fallacies, drivers, and finally give our predictions for the prices of the metals over the coming year. Introduction Predicting the likely path of the prices of the metals in the near term is easy. Just look at [...]

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5 replies
  1. frycook says:

    Keith – an example of capital destruction that comes to mind is what can happen to a nice clean well-run laundromat. I’ve seen it happen twice, once slowly and once rapidly. I used to call it ‘asset-stripping’, but after reading here will call it ‘capital destruction’. It’s not just the lack of maintenance on the machines, allowing them to fail one-by-one, and accumulate dirt and grime. It’s the broken money-machine, the floors, the glass, the counter-help, and over time, the clientele itself. It’s a process that you can adapt to like our 30-year fling with outsourcing and off-shoring, but there comes a point where as a customer you’ve ‘had it’. The ‘magic’ of turning capital that someone patiently grew into mere dollars is a bane on society at large. The laundromat example is the polite version of a mafia bust-out, usually of a restaurant or club, where after loading-up an enterprise with debt and quietly selling-off the equipment, they burn it down for the insurance too, before declaring bankruptcy.

  2. none says:

    Bring me in!
    I am a convert after reading this report.
    I first saw Keith Weiner on a Delingpod early this week and he seemed to have an answer to my stress of having too many US$ held in accounts. I have been aware that I needed to divest quickly, but to what?
    Now I know…Thanks for the lifebelt Keith. I’m in!

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