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


To: Hawkmoon who wrote (101406)2/16/2009 10:10:10 PM
From: TH  Read Replies (3) | Respond to of 110194
 
Hawkmoon,

Understood. Deflation is one of the two monsters that central banks fear the most. The other is, well gold.

Scylla and Charybdis await Ben and his merry band of sailors.

Of course history has gold winning all those battles, but this is not so clear in recent 20th century history, for the government chose to chain one of the monsters when they confiscated gold from the public (and then promptly revalued it).

I've got 5000 years of history on my side, and I like my odds.

We shall watch with interest, and with good timing, profit for some.

GT
TH

PS: Four calls in three days from people who have never owned gold and have decided they may want to change that. Four is not significant, unless you know that the number was probably four for the entire past year. Phase three of the gold bull approacheth.



To: Hawkmoon who wrote (101406)2/17/2009 4:02:35 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 110194
 
hawk, a couple points...

1. don't invest on your idea of gold's value. rather, invest based on your idea of other people's view of gold's value (whatever that is).

2. i read an article that claimed significant inflation was started within one week of taking the dollar off the gold standard and it hasn't ceased since. our dollar is now worth 6 cents what a 1933 dollar was worth.

i think the whole deflationary thinking is the rope that our government will make into an hyper-inflationary noose.