Gold is catching on now because of uncertainty and not inflation – yet.
Financial writer and professional trader Rick Ackerman says he likes gold because even in deflation, debt default and destruction, “Gold will hold its value. . . . Gold is catching on now because of uncertainty and not inflation—yet.”
In closing, Ackerman says, “I still believe we are going to have a deflationary abyss to cross before we get to the hyperinflation of the mind where people realize the government’s obligation either to default on Treasury debt or not is the crux of the hyperinflation argument. Yes, at that point, I have to acknowledge the Fed can print money without limit, and they may have to.”
Join Greg Hunter as he goes One-on-One with analyst/trader Rick Ackerman.