If climate change is real, then government subsidies are causing it. Even well-intentioned politicians are powerless to reverse the process. Gold could.
“Long-term—which starts when the Fed signals it is pausing its interest rate hikes and balance sheet reduction policies and reverting back towards QE and ZIRP.
The rapid reversal of Fed policy in 2019 will lead to rate cuts, a resumption of QE, negative interest rates, and ultimately a loss of confidence in central bankers.
Eric Sprott discusses the factors driving precious metals and mining shares higher. He also looks ahead to next week's FOMC meeting and interest rate announcement.