The three articles you linked were abysmal, not that I expect you'll admit it. Bernanke's theories, which you appear to endorse, are macro-economically flatulent. And he is now at the helm.
Not a word on bubbles in any of the three articles, which easy money and vendor financing (for that is what the Bernanke gobbledygook about twin deficits disguises) create.
Gold is simply a reflection of our country's insane economic policies. It reflects the dangers created by bailouts, deficits, expensive and unnecessary wars, government waste, insane public and private debt, unfunded pensions, bankrupt states, and the capture of our institutions by a band of financial gangsters. Thank God for gold, otherwise many of us would be screwed.
Your attitude towards gold is akin to refusing a life ring in a storm. To each his own.
I'll revisit this post in 5 years, see where we are. |
