Professional trader and gold market analyst Craig Hemke of TFMetalsReport.com joins me for a chat about what we think is happening in gold and the precious metals and what that means for the future. Craig’s understanding of the guts of futures trading is invaluable.
Show Notes
Basel III and the New Role for Gold
Craig on Twitter: @TFMetals
Craig’s Site: TF Metals Report
Tom on Twitter: @TFL1728
Previous Episodes:
Podcast Episode #115 — Mark Moss & Alex Svetski and the Uncommunist Manifesto
Podcast Episode #114 – Joaquin Flores and the September to Remember
Podcast Episode #113 — Alex Krainer and the First Casualty in the New War for Oil
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Hi Tom,
Did you ever spend any time exploring this avenue of economic theory? … pioneered by Murray Gell-Mann. I have used it to explain the “gold – inflation hedge” issue to others and found it very useful in my own understanding of economics. Many economists take issue with Gell-Mann and Peters, so maybe I like it because I am just very familiar with the mathematics?
Exploring Gambles Reveals Foundational Difficulty Behind Economic Theory (and a Solution!)
https://www.aip.org/publishing/journal-highlights/exploring-gambles-reveals-foundational-difficulty-behind-economic
The Ergodicity Problem in Economics
https://www.nature.com/articles/s41567-019-0732-0
Using that rubric, the gold paradox is just a mismatch between the “expectation value”, and the actual value at any given specified period of time.
On the lighter side, you and your blog readers might also might find this interesting:
The Tulip Bubble | DOCUMENTARY
There were so many interesting oddities in that story: the Dutch money supply actually inflated 6-fold on paper, the most valuable bulbs were diseased and practically no one was actually interested in growing tulips themselves. Imagine exchanging your gold for a box of tulip bulbs? During the mania phase you would have been thought mad not to, but after it was all over, you would have appeared to be the only wise person in the village.