'plus gold will be a thermometer up the government’s behind'
That's the way it should work ... i'm not with those who advocate that any of the major fiat constructs peg themselves to gold, because then you're back to the old story of politicians diddling with the yellow, confiscating it from the citizens, etc ..... better to leave it independent ... then Mqurice will learn to love it for that alone, first before discovering what a state of the art technological marvel it is, really .... remains only to translate nahuatl* into maori, and vwahlah he's mAurice -g-
Gold is actually not 'up' much at all at the moment, though ... just looks that way in usd, which is having seigneurage air burped out of it .... here's gold in loonies and euros, flat over the year, and slacked off, respectively - investorshub.com
... different story when it rises in these other two, imho, then we see the gold shares do better
So do you think there will be a net physical offtake by chinese individuals and/or corporate entities? .... so much of trading is just a paper shuffle, not even that really, it's just electrons wiggling back and forth on these mysterious contraptions we use .... but the hard cool heavy bullion, that is where the buck stops
* - nahuatl is the language of the azteca .... only living dialect of the uto-azteca family [bunch of gibberish, you got to watch those people, they're all norteños to we the Normal, a/k/a maya] |
