Willem Middlekoop: Why the silver price will go higher
Kitco News, Released on 11/15/21
The problem with the "inflation is transitory" argument is that it overlooks the growth in money supply, said Willem Middlekoop, founder of Commodity Discovery Fund.
Middlekoop spoke to Kitco on Friday at the Deutsche Goldmesse show in Frankfurt, Germany.
https://www.kitco.com/commentaries/20... The Biden administration and Fed officials have stated that inflationary pressures are transitory based on pent-up demand, supply chain bottlenecks and labor shortages
"Nobody's mentioning the 800 pound gorilla in the room and that's money growth and currency debasement. Almost 25% of all dollars in M2 circulation-that's deposit and physical money-grew by almost 25% in the last 18 months," said Middlekoop.
"It's a normal reaction. Everything the government can't print will go up in value."
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Mr. Willem P. Middelkoop is Co-Founder & Fund Manager at Commodity Discovery Management. He is responsible for research and was previously a private investor in Canadian (junior) mining companies for over 10 years, and is an expert in 'Discovery Investing'. He ceased his work as a financial journalist, in 2009, but is still an active writer, publishing books on financial and economic topics.
Willem Middlekoop: Why the silver price will go higher added by Herman James on 11/14/2021View all posts by Herman James ?+'