And I would say conversely that people should realize that the general stock market, in my mind, is at great risk here, because it’s sort of followed along with the degree of money printing, and you just can’t keep doing this forever. The money printing will show up in inflation. We’re seeing higher inflation data now.
I think that the risk of owning stocks which have risen so dramatically since ’09, while basically GDP has done nothing, sales revenues have hardly done anything. Miraculously, earnings go up, but I can guarantee you that if your sales don’t go up you have a very difficult time having earnings go up, unless you’re causing your suppliers, most particularly labor, to take lower wages.
- Eric Sprott via Ask The Expert