Misguided Solution
Michael Evans, Professor of Economics, Kellogg School, Northwestern University of Illinois - The Washington Times – April 6, 1999
Given this track record, it seems remarkable that anyone, let alone the Vice President, would suggest weakening the current stability in the U.S. economy by selling gold and raising the expectations that inflation was about to return – which would also result in a degradation of current economic performance.
If impoverished Third World nations can demonstrate they have taken steps to put their economic houses in order, fine. Let's reduce their foreign debt, just as the United States has done for so many other foreign countries over the past 80 years. But having made that commitment, there is absolutely no reason to risk boosting the rate of inflation and weakening economic performance by funding debt reduction with ill-advised gold sales.
gold.org Solution
On your opinion of fully hedged, my thoughts are the min. hedge with the max. low cost production. |
