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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: lurqer who wrote (10615)12/18/2002 11:12:33 AM
From: Jim Willie CB  Read Replies (6) | Respond to of 89467
 
I wont engage the Raptor in his Den, but will say this

gold will not suffer from either deflation or stagnation
as long as the USA is a leading nation in the cosmos, our Federal Reserve will do what it has always done exceedingly well

PRINT MONEY, CREATE INFLATION
for a decade, the ignorant masses have believed that inflation is dead
when it was rampant in real estate, treasurys, and stocks
they dont know how to measure it, nor define it

I harken back to a simple view
the gold cartel and miners are short a total amount of gold nearly twice the combined Central Bank holdings
they are short between 2 and 4 years of world production

anyone who thinks gold will go back to #200 is naive, misled, delusional, and has read far too much about the demonetized view of gold, or has far too little faith in the modernday realities behind currency debasement

/ jim