NOTE FROM TIM: For those of you who haven’t voted in my poll yet, please do so by clicking here! I really want your input. As for everyone else, I really, really, really appreciate all the comments and emails. I’m going to go through every comment carefully this morning and write up a “Response” post today with my thoughts. But I wanted to get a real post up and get my poll off the top of the blog – – but, again, if you haven’t voted, please do so. Thanks again, everyone!
This article at Hard Assets Investor talks about Jeff Gunlach’s bullish gold call for 2014 and uses Dylan Grice’s 2012 call as an example of how the end of the world (i.e. gold’s safe haven value) can be put on hold indefinitely.
Is Jeff Gundlach’s Bullish Gold Call Too Early?
So is Gundlach wrong today? Grice wasn’t necessarily wrong in 2012. What he called “the largest credit inflation in financial history, a credit hyperinflation” has instead rolled on…taking asset prices higher and crushing interest rates. But it hasn’t, as yet, hit the value of money itself. (more…)