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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (785)2/26/2004 7:56:31 PM
From: CalculatedRisk  Respond to of 116555
 
Gold is an excellent hedge in uncertain times; especially when your currency is being devalued or during periods of significant inflation.

Otherwise, a fiat currency is better for the economy. This requires the occasional semblance of sound fiscal and monetary policy <g>. So that graph is entertaining, but not "real".

Some people will always be attracted to gold, like a fish to a shiny lure. And, unfortunately, the result will usually be about the same.


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