MIDAS October Portfolio Update

A central bank can arguably be worthwhile as a liquidity backstop in an emergency. However, when non-economic actors start exerting a heavy influence on private sector activities, there are bound to be suboptimal results. In today’s economic conditions, circumstances may ultimately force the Fed to take even more extreme actions than it has taken already. If so, the demand for a politically neutral, un-printable, stable reserve currency to settle international trade could rise exponentially. That currency is gold. For now, Dan gives guidance on all open positions in the portfolio.

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Jim Rickards’ Gold Speculator with Dan Amoss

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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