Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: SouthFloridaGuy who wrote (21456)	1/15/2005 7:07:33 PM
From: yard_man	Read Replies (3) of 116555

Gold is a buy because of what the world-wide response to deflation has been and will continue to be. Gasoline use is inelastic and we may be making a peak -- if we are there, the response of CBs will be all the more vigorous and the confidence you refer to can be destroyed faster than you think. It's a highly non-linear thing -- it's not going to simply taper off. You can call me a nut, but I think it is foolish not to have some gold, if you have any savings at all. Call it insurance instead of an investment, if you wish.

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