Email of the day - on inflationary expectations
Comment of the Day

July 28 2020

Commentary by Eoin Treacy

Email of the day - on inflationary expectations

Thanks to your good guidance, the month of July has (already) produced the best portfolio performance in my life-time of investing! The portfolio switch from NDX stocks to gold and silver stocks has been phenomenal (20.59% in one stock today).

Attached is a report from “Goldmoney” regarding future inflation that you have addressed in recent commentaries.  (Underlining in the article is mine) Could we expect a sudden change in the Velocity of Money to facilitate an inflationary outcome or will other factors cause inflation regardless of the VoM?

Eoin Treacy's view

Thank you for this interesting article and congratulations on taking opportunities in the market. Velocity of Money is a major component of inflation. The fact it has been falling for so long is one of the primary reasons we have not seen widespread inflation resulting from massive money printing over the last 12 years.

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