Investor-ee,
<<IMO, it is in the absence of a sensible, stable, consistent, fair, long term monetary system, that the wishes of the vast majority will not be granted.>>
An excellent post. Expresses my sentiments perfectly. Painting gold as the whipping person of our present economic state of affairs is ridiculous. Gold, in many respects, is the only hope many people have in this world. Gold, during the downturn in Asia served its purpose well. Would have even been better for those countries had the greedy shorters not used it as an excuse to short more, using the "more gold sales to the market" mantra ... and creating an even worse situation.
Now many of these morons appear to be caught in a precarious situation ... and we are suppose to be accommodating of their situation, because of the economic consequences of an increasing gold price. As I said before, gold should never have been permitted to be leased. It was completely irresponsible and ill-conceived.
Frankly, I never want to see any currency in this world as the world's reserve currency .... all currencies should be pegged to one thing ... gold.
MB
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