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thegarve
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Why Gold is Headed Much Higher

- Michael Pento - Delta Global Advisors

Whether your put you money in Gold, Equities or Bonds you are effectively making a "bet". If you take the argument for holding gold, you are effectively betting "against" the ability of governments, banks and financial institutions to manipulate the economic environment to distract and overcome the problem or basic overvaluation of the assets and currencies.

They seem to be getting better at this and have been doing it for centuries. Apart from the inevitable correction now and again, is it really a wise long term bet against these guys if they can Influence the notional value of this metal at their descretion anyway?

Comments welcome.

Commented 3432 days ago

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Beginning of the headline :What really drives the price of gold? Some say it's a fear gauge. Others prefer to look at the demand coming from the Indian wedding season. But the silliest of all conclusions to reach is that the dollar price of gold should be determined solely by its value vis-à-vis another fiat currency. The truth is the primary driver of gold is the intrinsic value of the dollar itself, not its value on the Dollar Index (DXY). The intrinsic value of the dollar can be determined by the level of rea... Read More

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