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Source document· March 19, 2026

Peter Schiff warns investors will be ‘killed’ if they hold bonds — Morgan Stanley agrees. How to protect your retirement

View original at finance.yahoo.com
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  • Bonds are clearly the biggest victim of inflation. If you own bonds, inflation kills you. There is no hedge.

    60% confidence
  • Central banks have fueled demand for the precious metal in efforts to diversify reserves away from the U.S. dollar after the United States froze Russian assets

    60% confidence
  • For most people, the best thing to do is own the S&P 500 index fund

    60% confidence
  • Net purchases of gold have doubled since Russia's war on Ukraine began in 2022

    60% confidence
  • What if structural demand from global central banks waned? Or worse, what if they wanted to outright sell the commodity?

    60% confidence
  • Stocks can also be viewed as an inflation hedge, although not all stocks are the same in that respect

    60% confidence
  • A huge wave of Wall Street money is flowing out of bonds and into gold

    60% confidence
  • Gold is now the anti-fragile asset to own, rather than Treasuries. High-quality equities and gold are the best hedges.

    60% confidence
  • The biggest driver of gold prices has been central banks

    60% confidence
  • Morgan Stanley's 20% gold allocation is 'not chump change' and represents 'a lot of money coming into gold'

    60% confidence
  • Investors will be 'killed' if they hold bonds

    60% confidence
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Q4 2026 Clinical Catalyst Season: Big-Pharma Data Flow, Regulatory Milestones, and a Thin AI-Drug Fringe
October 2026 conferences (EASD, IGCS, NACFC, HFSA) are producing a dense run of late-stage readouts from Novo Nordisk, Lilly, Roche, Bayer, Vertex and Galderma. Regulatory milestones are scheduled behind them: the ivonescimab BLA PDUFA date on 2026-11-14, FDA acceptance of Roche's vamikibart BLA, and Scholar Rock's EMA resubmission. The AI-and-finance angle is peripheral. It consists of the AI-designed drug Rentosertib and QAIAx, a speculative microcap whose trial claims (the QIII pilot, anticipated 2027-01-01, and a patent update) are forecasts and filings rather than data, so they warrant skepticism.
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EPKINLY Regulatory-Clinical Success Cascade
High probability of expanded label indications, additional combination approvals, and competitive positioning strength in follicular lymphoma market. Predicts positive commercial uptake and potential accelerated review for related indications.
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ING Group
Both facts record the same metric (shares_outstanding) for ING Group at the identical observation date (2025-12-31). FACT A states 2,902,437,688 shares; FACT B states 2,902 million shares (2,902,000,000). The difference is 437,688 shares (~0.015%). This is a genuine value conflict, though the discrepancy appears to result from FACT B rounding to the nearest million while FACT A provides the precise count.
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