In this report, I cover the early market action from London on Monday, December 2nd, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I will look at how inflation will impact one's savings over time and how during the 19th-century one's savings was safe from the ravages of inflation as back then gold was money.
My conclusion for the day is that the stock market is a speculative place to park one's savings but that people have been forced into it as the fiat currency provides savers with no protection against the rampant inflation that occurs under such a monetary system.
Use promo code maneco64 to get a 0.5% discount on physical gold and silver bullion purchases at https://www.goldinvestments.co.uk/
Support the channel:
BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5
ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na
BAT Currency: Uphold a/c name manecoSC H4678: https://legiscan.com/SC/bill/H4678/2019