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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (11292)8/26/2008 11:49:53 AM
From: Claude Cormier  Read Replies (1) of 50209
 
A very nice piece. Congrats.

Very few see the immense volatility in the precious metals market and too many see only the headlines made by the hyper bullish gurus.

However, the line in the sand is clear for gold. It is a constant measure of the confidence the investing community has in fiat currencies. So longer term, it can only go up as this confidence as well as these currencies'value erode as time goes by. In that sense, gold is linked to long term monetary inflation.
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