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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST

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To: energyplay who wrote (42194)11/2/2008 5:22:49 PM
From: maceng2  Read Replies (3) of 217842
 
The best friends the gold bugs have are the people who have destroyed faith in the current financial system.

Monetarist analysis suggests there is cause to worry. The collapse in banks’ willingness to lend and the increase in hoarding of cash might overwhelm central banks efforts to pump out liquidity – putting downward pressure on prices.

ft.com

Who was it who suggested putting a time component on cash so that it depreciated over time, to deter hoarding ?
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