A Tale of Two Destructive Outcomes – Crescat Capital

Crescat Capital’s commentary for the month of June 2020, titled, “a tale of two destructive outcomes.” Q1 2021 hedge fund letters, conferences and more Dear Investors: A Tale of Two Destructive OutcomesThe greatest long-term investments are those capable of performing well under opposing inflationary and deflationary economic forces. Today’s abundance of macro, fundamental and technical reasons to be a gold investor have never been greater. The ongoing monetary and fiscal disorder in the global economy underpins the onset of a secular bull market in precious metals. For us, there is no doubt t...