Jeff Snider, the founder of Eurodollar University, recently made an appearance on The Jay Martin Show, where he shared his insights on gold and challenged the common misconception surrounding its performance in various economic environments.
Snider believes that gold is indeed a valuable asset to hold in a deflationary environment, which goes against the common misconception that it performs well in an inflationary setting. He emphasizes that gold is not an effective hedge against regular inflation, even though supporters of gold may strongly disagree with this notion. Instead, gold's value is more closely tied to significant economic errors that occur in either direction. It serves as a hedge against extreme situations rather than everyday inflation.
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Credit: The Jay Martin Show
People Are Using the Wrong Economic Data, It's Worse Than it Looks: Jeff Snider
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