#124 Michael Howell: Rising Liquidity, Monetary Inflation, And Why Gold Could Surge To $3,000

Michael Howell, CEO of CrossBorder Capital, an investment advisory firm, and author of the book, “Capital Wars: The Rise Of Global Liquidity,” returns to The Julia La Roche for episode 124 to share where we are in the global liquidity cycle and why gold is ready for a breakout moment. Links:  Website: http://www.crossbordercapital.com/ Twitter: https://twitter.com/crossbordercap Substack: https://capitalwars.substack.com/ Book: https://www.amazon.com/Capital-Wars-Rise-Global-Liquidity/dp/3030392902 0:00 Intro and welcome Michael Howell to the show 1:00 Macro picture today  2:15 2024 outlook, why liquidity is increasing  6:30 Global Liquidity Index  8:53 Gold, global liquidity, and U.S. CPI  16:00 Gold is not the inflation hedge you think  17:30 Gold holdings of BRICS & friends  21:18 Gold is a monetary inflation hedge  25:00 Breakout moment for Bitcoin like gold?  27:00 Asset allocation  30:30 Past crises were refinancing crises  34:50 Will there be a recession?  37:00 Portfolio construction, parting thoughts