'Nobody's mentioning the 800-pound gorilla in the room' - Willem Middlekoop on inflation naysayers
The problem with the "inflation is transitory" argument is that it overlooks the growth in money supply, said Willem Middlekoop, founder of Commodity Discovery Fund. Middlekoop spoke to Kitco on Friday at the Deutsche Goldmesse show in Frankfurt, Germany.
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Show Notes
The problem with the "inflation is transitory" argument is that it overlooks the growth in money supply, said Willem Middlekoop, founder of Commodity Discovery Fund.
Middlekoop spoke to Kitco on Friday at the Deutsche Goldmesse show in Frankfurt, Germany.
"Nobody's mentioning the 800-pound gorilla in the room and that's money growth and currency debasement. Almost 25% of all dollars in M2 circulation--that's deposit and physical money--grew by almost 25% in the last 18 months," said Middlekoop.
"It's a normal reaction. Everything the government can't print will go up in value."