Opinion

Toilet Paper, Chicken, and Bullion - SchiffGold.com

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DW NOTE

SchiffGold is running a headline that groups toilet paper with bullion. The comparison is lazier than it looks. Toilet paper hoarding is panic buying; it stops when the shelves refill. Gold at $4,073 — down 23% from January's $5,318 high — is repricing risk that central banks can't print away. One is a superstition about scarcity, the other is what you hold when the people managing the scarcity are $1.8 trillion deeper in deficit than last year.

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Toilet Paper, Chicken, and Bullion - SchiffGold.com

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