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


To: ItsAllCyclical who wrote (59677)1/4/2010 4:41:37 AM
From: KyrosL  Read Replies (1) | Respond to of 217786
 
<<Gold is money>>

Gold is no longer official money. And Central Banks are doing all they can to make it a regular commodity. Will they succeed? That is the question.

Again, globalisation and global productivity increases argue that they have a shot at succeeding: They can print without causing excessive inflation. My hunch is that if we survive the next ten years without a major crisis, gold will stop being de facto money. When the India central bank starts selling some of its gold, watch out below.