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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 408.24+2.3%4:00 PM EST

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To: Rolla Coasta who wrote (31609)3/26/2008 8:50:52 AM
From: TobagoJack  Read Replies (4) of 218655
 
<<Mother of All Deflation. Question is: will gold still be good or simply crash along with it ?>>

i am willing to chance the learning of a harsh lesson, and remain true to the faith.

i think (i) gold is dirt cheap, (ii) cannot crash from what is a dirt cheap level, (iii) worthy of the faith, (iv) certainly more worthy than the whole cesspool lot of evil central banks and clueless politicians.

do you believe different?

i am at the mo willing to change my mind should gold be valued at 6x current purchasing power level, meaning gold at 6k per oz or big mac meal at usd 0.35.

i am pragmatic.
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