by Dr. Jeffrey Lewis
Silver Coin Investor
The dominant school of thought rests it case on the premise that no matter how direct or egregious, out in the open, or surreptitious the intervention actually is- ultimately, ‘the markets’ will prevail. This common view also emanates from the world of alternative investing, including the thought leaders in sound money.
True market value will always be expressed eventually. Fair value will and must exert itself from ‘digits on high’ all the way to the farmers’ market and the retail store.
It will not be a smooth return to equilibrium. And no one can predict details of how we arrive. However, ignoring the basic functioning along the way – for the privilege of being right is a flattery without substance.