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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: UncleBigs who wrote (57492)4/5/2006 6:07:24 AM
From: Mike Johnston  Read Replies (1) of 110194
 
Can anyone truly articulate a solid bear case for gold? Even Mish is bullish on gold.

No one can , because there is none.

Supply of gold is finite, but the CB's have no limits on the amount of paper they can create.

The Fed cannot print gold, they have to rely on a campaign of lies and misinformation in order to keep most of the public invested in negative yielding paper assets, in order to postpone the collapse of monetary system.

Since gold is measured in terms of paper currency that constantly declines in value, the long term rise in gold is very close to certainty.

Shades made the correct point, that gold will not necessarily rise in value in real terms, as measured against goods and services, but i would not call that being bearish, if i understand his position correctly.
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