Gold’s Intrinsic Value is Zero
December 16th, 2009
The folks over at Matterhon Asset Management lay out the many gold misconceptions in a fabulous paper titled–GOLD IS NOT GOING UP— PAPER MONEY IS GOING DOWN!
The US dollar has lost 98% of its value in less a 100 years, the underemployment rate is at 17%. Mr. Bernanke, you may want to rethink your list of FED accomplishments.
At the end of the day paper money returns to its intrinsic value….$0.
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