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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: RJA_ who wrote (22926)9/25/2007 5:29:48 AM
From: Maurice Winn  Read Replies (1) | Respond to of 220530
 
It might do: <Will this mirror the late 70's? Could be. Stay tuned. There is much more fiat money about now than was then... and US is IMHO in much worse fiscal shape.>

Gold made it to $800 an ounce, then spent a couple of decades in decline.

Because the world's population is much bigger than in 1979 and the economic activity so much bigger, the size of the fiat currency can be pumped up a long way without causing inflation in prices.

Mqurice


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