Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (73115)	3/30/2010 4:16:14 PM
From: Maurice Winn	4 Recommendations Read Replies (1) of 74559

TJ's gold mania is based on the idea that consumption and production are trivial and irrelevant to the price of gold. His theory is that the price is a function of financial fear and financial relativity theory. As governments burgle savers by pixelation of more money and as savers abandon fiat fantasies for immutable gold which doesn't rust for thousands of years, doesn't corrode or evaporate for millions of years and remains true to the desire for individual survival when maelstroms maraud and as a bauble of high power for the rulers, people will grab it and hold to it like a life buoy, floating as surely in a financial flood as polystyrene does in one made by water. China's production and consumption are relatively inconsequential in that theory. Mqurice

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