Protecting Yourself from Worldwide Inflation

by James Rickards
Daily Reckoning

No one has to be a victim of the global elite plan. You just have to see it coming. You preserve wealth by getting out of the way of certain developments. You increase wealth by getting out in front of other developments.

As always, timing is critical. It’s important to stay focused and be nimble.

Many of the short-run trends are the exact opposite of the long-run forces.

Stocks may perform well in the short run as central banks maintain their easy money stance. Once inflation takes off, that tends to be a disastrous environment for stocks because inflation hurts capital formation and new investment.

Cash is another good short-term asset because it fights deflation, reduces volatility, and gives you optionality to pivot into other asset classes when the timing of the elite plan becomes more clear. Yet cash will be a bad long-term choice because it suffers the most in inflation. In extreme cases, cash can become worthless.

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