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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: gregor_us who wrote (13022)5/1/2004 12:01:08 PM
From: orkrious  Read Replies (3) of 110194
 
So, I'm curious. Is it your view that Gold works no matter what happens?

yes, although I do not pretend to have the intellectual capacity of many posters on this thread. <ng>

I remember fleck long ago talked about gold being the only money that had no debt attached to it, and I think that makes incredible sense. in a deflationary meltdown, it is the only asset (including us dollars) that has no debt attached to it. dollars are an asset of the us gov't (worthless really) that is debt laden. the same goes for the other huge market in this country, housing. all assets bought with credit will suffer.

in inflation gold will hold its value and the miners that have leverage to it will do very well.

I think gold will do even better in a deflationary environment than an inflationary one. a chart of homestake mining in the 30's bears this out.

stagflation. I think gold will do equally well there too, as you get the best of both worlds. <g>

I do agree with the posters on this thread that oil is money too. however, saville some time ago compared gold to the crb over different periods of time, and on average during commodity bull markets, gold outperformed the crb. my guess is gold outperforms oil, BWTFDIK?
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