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Platinoid
Member since May 2012
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has posted a comment on the article :
Gold : How High is High ?
- Antal E. Fekete -
Gold University
SW:
Yes, I like that Dr. Fekete is keeping this theme for a while.....great reading.
I see your conundrum.
I have the same fears; so what if metal goes parabolic and inflation becomes even moderate? i.e. mind you we haven't seen real inflation yet, upper double digit and so on - but gas up 100% in 3 years, and milk up 35% in 2011. Do I really want all that paper around, what, to throw in a fireplace?
I remember one of the economic authors here posted a picture of stacks of currency thrown away as garbage in a 45 gallon drum along with other trash. $000,000,000,000$
Man, so many zeros sure are a lot of nothin'.
If things really do turn sour, your insurance notion may be the savior. It won't be metal's paper/fiat value that is important, but its old-fashioned barter value. That's when metal becomes real money again in the public eye, now covered by paper blinders.
As for 'a bit of a game,' well who can do otherwise, so if you ever do get the real deal on a certified crystal ball telling the future with absolute certainty, let us know first here, please!
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Beginning of the headline :
Now that the sound of cork-popping and other signs of celebrating the New Year, and the new record highs in the price of gold, are dying down, some questions arise the answering of which brooks no delay. How high is high? Is it the nominal price or the so-called ‘real’ price of gold that gives us a valid reading of whence we came, where we are, and whither we go? Chrysophobes have already started their dissonant chorus reminding gold bugs that the last time gold was trading at these levels, in January, 1980, it was a sign marking the onset of a bear market taking the price down by more than 75 percent, lasting over twenty years. Goldbugs take comfort in the thought that the previous peak in the price of gold was much higher in “real terms”, so that the current price is not so high...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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ferzi
- 20/04/2013 à 20:03 GMT
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