E o. 1 of bloom borer this is really amazing. So whats happening is that the value that goal possesses as a store of value is being diminished by bitcoin because bitcoin is a superior store of value in many, many, many ways as weve mentioned over the years. And so therefore, gold would be training more for its value as jewelry ornamentation or maybe some electronic is which would imply there are just a gold price of maybe 2 to 3 100. 00 an ounce, not 18 or 1900. 00 an ounce. And gold is the new aluminum. Wow. Thats like Robert Prechter style prediction, price prediction there that hes been predicting for the last, like 30 years. Well, i mean, if you look at so versus over has no longer been useful as a monetary metal. And the price has been lackluster to say the least. Gold is becoming very least the new silver, while bitcoin becomes the new gold, its really difficult to discern what is just for the store of value price movement. And what is all the money printing going on . Because th
Selloff and a dollar selloff at the same time . What does that actually mean . We will break that down as well. Guy and youve got bitcoin rocketing to a record high. Out of the United States, pending home sales month on month a little weaker than anticipated, 1. 1 . Expected at 1 . The prior number revised a little higher. These have absolutely rocketed. The year on your number now stands at plus 19. 5 , which is another incredible number to think about. Lets get back to the vaccine. Is monday, and every monday morning it seems we get some news. Moderna is planning to request clearance for its Coronavirus Vaccine in the u. S. And europe today. Ceo speaking earlier to bloomberg. We have millions of doses ready. We have more and more every couple of days. Joining us now is robert. He spoke a little earlier on. I think they have a review coming up on the 17th. After the potential clearance on that date, how quickly can we get things up and running . Robert they have been told in publicu.
Painful losers. If you got big gain is a time to take profit . Should you harvest losses and beatendown stocks cannot next, is pandemic togetherness making you feel squeezed in your home . Is better to remodel or trade up for a bigger place . This year americans were given the chance to make penalty free withdrawals from their Retirement Savings what you need to consider on the barrons roundtable like colleagues beverly, jack so beverly, what a year this year we saw stock zooming higher when they benefited from the pandemic and then we saw other sectors get slammed. While we usually recommend a buy and hold approach there are some moves that investors ought to be considering this time of year, right . Spewing absolutely. As you noted, jack, 2020 has been a tale of two markets. Stocks are all almost 40 this year but its been driven mostly by big attack. Apple, amazon for instance, they are both up more than 60 weve also seen pieinthesky evaluations on pandemic stock. As he has nearly tr
Back in the late 1990 s. That it would get to 36000. Right. And that was famously a bad call because it crashed down to very far down after that. Well, the metrics that the government used for inflation are very skewed. So in other words, the stock market is reflecting inflation and the u. S. Dollar is experiencing a hyper inflationary collapse against big coins. And what these financial engineers have done like harry cohn and the others on wall street and around the world is they have financially engineer the world so that when they print the money, it doesnt go down the path toward wage growth. All those paths are cut off using Financial Engineering pretty much the wages dont go up and then they look at that and they say, look, theres no inflation, we better print more and then the wages dont go up anyway. Those, those people are still in poverty stricken, but oh, the asset prices of stocks, they keep on going up. We dont know why that is. It seems like an anomaly. We just made anoth
Very least the new silver, while bitcoin becomes the new gold, its really difficult to discern what is just for the store of value price movement. And what is all the money printing going on . Because there is a lot of money printing going on. I see that stephanie calton was recently tweeting that she was speaking with gary cohn, who is, you know, an insider, former Goldman Sachs guy whos, you know, becomes part of governments, especially democratic governments. And he says like, theyre ready to print 2 trillion immediately upon biden taken office, and then another 3 chile in the 1st year. Theyre also talking about a trillion in Debt Forgiveness for students who, you know, the stock markets also finally hit 30000. This was something that was predicted back in the late 1990 s. That it would get to 36000. Right. And that was famously a bad call because it crashed down to very far down after that. Well, the metrics that the government knew is inflation are very skewed. So in other words,