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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 451.79+1.8%Jan 22 4:00 PM EST
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To: Paxb2u who wrote (92361)7/10/2012 8:57:51 AM
From: elmatador  Read Replies (4) of 219655
 
If you have a sack of potatoes and food is increasing in price, you'd better own a sack of potatoes and get rid of your money.

If a sack of potatoes is decreasing in price, you'd better keep the money and get rid of the potatoes.

It is the logic of TJ: paper money being debased? On gold. Many people will flock to gold and bid its price up.

Then fewer units of gold will buy property priced in paper money.

What TJ does not know -but me and klaser do- is that as soon as gold skyrocket, trust in money disappears, thus assets will be priced in gold, not in paper money.

It happened in Brazil during hyper inflation years: Goods were priced in USD. Not in Brazilian paper money.
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