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overtheedge
Member since May 2012
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Can Gold Make Sense If the Dollar Does Not Collapse?

- Przemyslaw Radomski CFA - Sunshine Profits

"Can anyone – with 100% certainty – rule out the case in which the countries around the world agree to inflate all currencies gradually until the debts are mostly erased?"

Yes, I'll rule it out with 100% certainty. Never in history has there ever been 100% conformity between countries when it comes to economic theory and practice.

The advantage that inflation gives to a predominantly export-driven country is too great to pass up in a time of high unemployment and low tax revenues. Ergo, one country will inflate and this will start the print and spend avalanche by country after country. Example of this? Ever hear of OPEC? Yah, they all conform to the agreed production levels. Then toss in the non-OPEC countries doing their own thing.

If there was a possibility of all countries agreeing, there would be no reason for central banks to be buying gold.

In an honest economic environment, none of these problems would exist. Yes, 100% certain. Deal with it!

Commented 4151 days ago

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Beginning of the headline :The “imminent” collapse of the dollar has been spoken of years now. Since 2008 this talk has been fueled largely by consecutive rounds of quantitative easing (QE). With QEs at $2.25 trillion and counting, the number of borrowed dollars is hitting new highs and it’s no wonder that the ability of the U.S. to sustain such programs in the future is being questioned... Read More

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