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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (31577)	5/2/2005 12:30:16 PM
From: redfish	Read Replies (2) \| Respond to of 110194

I don't think the gold argument is that people will use it as currency. Rather that it will take more pieces of currency to buy gold than it does now.

To: shades who wrote (31577)	5/2/2005 1:59:48 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Actually gold is where his view probably comes the closest but here is a man bitching about hyper-inflation with the CPI at 3% or whwtever. OK so it is a lie and is really 5% or whatever one thinks. Is 5% hyperinflation? Hell is 8% hyperinflation. $5000 gold is likely fantasy land as well. What a joke. He will be most wrong about interest rates and that is where Any Xie who wrote a good column today will be wrong too. REAL interest rates will soon be rising even if nominal rates stay flat or fall. Mish