Gold hedges systemic global debt debasement
The guest argued that gold serves as an essential hedge and stable store of value against inevitable currency debasement driven by an intractable global sovereign debt crisis.
The argument
The discussion highlighted that major countries continue to run deficits and increase off-balance-sheet liabilities. The guest expressed a preference for well-run royalty companies with strong balance sheets to express this theme.
The thesis, stress-tested
✓ What validates it
- ✓Sovereign debt-to-GDP ratios continue to rise in major economies
- ✓Central banks accelerate gold purchases
▸ Risks discussed
- ▸Short-term price volatility
- ▸Potential long-term disruption from speculative space mining concepts
Hear it yourself
"I'm Thoughtful Money founder and your host, Adam Taggart, here welcoming you to a special discussion here with our good friend from Canada, Jonathan Wellum, who is the founder of Rocklink Investment Partners up there. And again, they're one of the financial advisory firms endorsed officially by Thoughtful Money. Jonathan, how are you? I'm doing very well, and, looking forward to a nice warm sunny summer, hopefully, after a a cold, long winter up here in Canada. Alright. Yes. We're getting close to the start of summer, and I'm sure up there in Canada, you guys are cheering for that."
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