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Home>Coins dealers headline>Andy Beal, America’s richest banker, makes a massive bond bet on inflation

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Andy Beal, America’s richest banker, makes a massive bond bet on inflation

IMG Auteur

USA Gold

Published : April 21st, 2023

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Category : Coins dealers headline


	MarketWatch/Nathan Vardi/4-19-2023 “By the end of 2022, Beal Bank’s assets had more than quadrupled to $32.6 billion, up from $7.5 billion at the end of 2021. The asset rise made Beal Bank the nation’s 61st biggest bank. Beal has essentially made a massive bet on inflation, buying $21.2 billion of Treasury bonds, Beal Bank’s filings with the Federal Deposit Insurance Corporation show. Just about all of those bonds are TIPS, says a person familiar with the trade who was not authorized to speak publicly.” USAGOLD note: The point that sticks in the mind is that Beal’s bet on inflation is for the long term……”It suggests Beal believes inflation is here to stay for at least several years.”

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