‘The Fed is broke – Gundlach likes gold, fears ‘expanding wars’ most

Zero Hedge/Tyler Durden/3-18-2023

“Gundlach called Silicon Valley Bank’s failure ‘a rate policy collision with stupid accounting rules”‘for banks, but warned of The Fed’s reaction was inflationary and antithetical to their inflation-fighting stance. ‘By bailing out depositors at SVB, that’s essentially a quantitative easing by the Fed, he said. ‘Making those depositors whole is about the same as a month or two of reversing quantitative tightening.’”

USAGOLD note: This article will bring you up to date on Gundlach’s thinking…… “I think gold is a good long-term hold,” he concluded in the same CNBC interview. “Gold and other real assets with true value, such as land and collectibles.”