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Dave Kranzler: Paper vs. physical and why the monetary metals should rally
By Dave Kranzler
Investment Research Dynamics, Denver
Monday, September 26, 2022
I had an interesting dialogue today with a couple of long-time colleagues about this commentary by Pam and Russ Martens of Wall Street On Parade, headlined "Nowhere to Hide: The Fed-Induced Bubble in Stocks and Bonds Is Blowing Up; Even the Typical Safe Havens of Gold and T Notes Are Losing Money."
The Martenses do an admirable job exposing the corruption on Wall Street and in the Fed and Congress. But they exhibit a profound misunderstanding of the architecture of the global market for gold and silver.
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The Martenses write that "the typical safe havens of gold and T-notes are losing money." Well, yes, all flavors of fixed-income securities are losing money because that's how bond math works when interest rates and bond yields rise.
However, the Martenses fail to understand that the gold and silver market is bifurcated. ...
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