Sick of the Gold bickering!
September 11th, 2009
Gold goes up because people don’t trust governments to not spend money and we certainly don’t them with our capital (money supply). End of story. That’s the answer plain and simple. We are going to getting massive deflation, but not deflation in US $ terms, deflation in the price of assets in onces of GOOOLLLDDDDD!
Take a look at the rate of gold appreciation to the MZM (money at zero maturity).
Remember money is only a refection of our human capital. Money is medium of exchange, I exchange my hours on a trading desk for Joe the plumbers labor to fix my toilet.
Spend your dollar or use them the to wipe your ass, its your choice.
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