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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST
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To: Maurice Winn who wrote (76382)7/15/2011 7:42:32 AM
From: carranza22 Recommendations  Read Replies (1) of 218085
 
A CO2 alarmist? Me?

Perhaps, who knows, but the alarmists at the end of the day were informed by fudged data. The price of gold cannot be fudged.

BB's response should have been along the lines that yes, gold has been money for 99 o/o of human history but that it is currently not. A significant amount of central banks are buying for reserve purposes, something typically done with money.

RP was also very much correct when he detailed the utter failure of the current Keynesian stimulative measures. Debt and currency levels throughout the developed world are at levels not seen since WW II essentially guaranteeing an increase in the POG.

No, MQ, my position in gold has not only been very profitable, something I can measure objectively, it has been very minutely researched. If there is any "alarmism" in it, it seems justified by the fact of the 2008 financial crisis and the current European problems which threaten the existence of the Zone as an economic unit.

Sovereign defaults of advanced western nations are talked about as potentially happening, we just underwent the worst recession in memory, the value of money has plunged, etc. What does it take to alarm you? Your house on fire?
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