Kitco News, Released on 6/10/21

Part 1 (part 2 below)

Headline inflation came out stronger than expected on Thursday, at 5.0%, as compared to the consensus expectation of 4.8%. The government wants higher inflation and is creating policies that would be conducive to higher prices and higher wages, said E.B. Tucker, director of Metalla Royalty.

0:00 – 5% headline CPI
5:30 – Why would government want more inflation?
9:46 – Fed’s next steps?
14:06 – Inflation vs wages
16:09 – Inflation hedges
18:50 – Mining company margins

Cryptocurrencies represent the opposite of privacy, due to every transaction’s provenance being traceable, governments will use this to their advantage when they issue central bank digital currencies, said E.B. Tucker, director of Metalla Royalty.

0:00 – Bitcoin is a bubble
5:15 – El Salvador adopting Bitcoin as legal tender
10:29 – Crypto mining

Part 2

Mr. Tucker is a director of Metalla Royalty and author of “Why Gold, Why Now” in addition to writing The Casey Report, a monthly investment advisory founded by legendary resource speculator Doug Casey. Prior to joining Casey, he served as the analyst and lead analyst on Stansberry’s Investment Advisory and The Bill Bonner Letter respectively. Before joining Stansberry, Mr. Tucker was a founding partner of KSIR Capital Management; an asset management firm focused on precious metal equities. He also co-founded KSIR Capital, a corporate finance advisory firm focused on the precious metals industry. He holds a B.Sc. in Business Administration with a focus in Finance from the College of Charleston in Charleston, South Carolina.

  eb tucker, economy, federal reserve, gold, inflation, monetary policy, precious metals, silver