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casamurphy
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Baby boomer bugs to bust bullion?

- Bron Suchecki - Perth Mint

I would think that boomers who own gold represent a very small percent of the overall gold holdings in the world and what they do with it won't matter that much; and most will leave their gold to the next generation anyway. If gold ever achieves a high value it will be because the large institutional holders see to it that it once more becomes a means of balancing accounts between large and distant trading organizations. Small holders toady simply wishing to participate in such a new higher re-valuation of gold as a hedge against the collapse of our current Debt-Money-Monopoly system. As long as the threat of that collapse exists, most gold will be held in strong hands regardless of which generation they belong.

Commented 3170 days ago

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Beginning of the headline :In response to a Craig Hemke comment that “the ability to convert fiat and stack physical metal at these depressed paper prices is a gift, not a disaster”, Chris Powell of GATA noted that “it would be a much more valuable gift for people in their 20s and 30s than for people in their 60s and 70s. Indeed, for the latter group it could look more like another ripoff.” The response got me thinking about generational differences and the demographic cliff (see this Mauldin Economics article for a summa... Read More

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