GoldSeek Radio Nugget: Jeffrey Nichols and Chris Waltzek

Highlights

Jeffrey Nichols of Rosland Capital returns with comments on the recent FOMC rate decision and the potential impact on the PMs sector. <
The rate hike appears to be a nonevent; the gold market ignored the FOMC - anticipated the rate hike. <
Traders continue to focus on real interest rates - the everyday, nominal rate adjusted for price inflation.
The official inflation numbers may be bogus - our guest questions the validity of the figures noting that the CPI vastly understates the cost of living. <
The CPI fails to reflect the shift in consumer tastes away from luxury items in favor of cheaper consumer goods / smaller package sizes.
Investors prefer the precious metals as a means to shield their investment portfolios from insidious inflation.
The growing problem of underemployment continues to plague the nation.
Tens of millions of American's have accepted employment / wages well below their skill / experience level.
Jeffrey Nichols finds a bifurcated American economy, where a few thrive economically, while the majority struggle to make ends meet.
The gold-bull market never ended; bullion and shares are poised for astronomical gains.

Jeffrey Nichols of Rosland Capital returns with comments on the recent FOMC rate decision and the potential impact on the PMs sector. The rate hike appears to be a nonevent; the gold market ignored the FOMC - investors anticipated the rate hike for several months. Instead, traders are focussed primarily with the real interest rate - the everyday, nominal rate adjusted for price inflation. Evidently, the official inflation numbers may be bogus - our guest questions the validity of the figures noting that the CPI vastly understates the cost of living. For instance, the CPI does not include the shift in consumer tastes away from luxury items in favor of cheaper consumer goods as well as the increasing tendency for smaller package sizes. As a result, investors are increasingly turning the precious metals as a means to shield their investment portfolios from insidious inflation. Meanwhile, the growing problem of underemployment continues to plague the nation - tens of millions of American's have accepted employment / wages well below their skill / experience level. Jeffrey Nichols finds a bifurcated American economy, where a small group continues to thrive economically, while the majority struggle to make ends meet. Moreover, the gold-bull market never ended; the past five years was merely a pause - bullion and shares are poised for astronomical gains. The guest / host concur that bullion is the best starting point for every investor due to zero default risk, vis-à-vis gold Canadian Maple Leafs, Gold Eagles, etc.. Our guest anticipates strong capital flows away from overpriced equities in favor of the precious metals sector.


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