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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: zebra4o1 who wrote (85119)8/15/2007 4:02:37 PM
From: GST  Read Replies (2) of 110194
 
Oil reflects global inflation -- in that sense it is like gold. But gold is more than an inflation issue -- gold is the metal that people recognize when paper turns out to be worthless. Global growth is irreversible, but the US economy cannot expect the rest of the world to carry it with cheap credit, cheap oil and cheap labor any longer. In that environment, gold will do very well.
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