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


To: carranza2 who wrote (62451)4/3/2010 1:06:37 PM
From: Haim R. Branisteanu  Respond to of 220241
 
He is right and I do not think that he suggest a return to the gold standard.

Due to population growth and economic growth which outstripped the growth of gold mined this makes no sense.

The gold standard made sense as long a new discoveries / mining of gold was keeping up with world population growth and real economic growth - now that population growth is relative explosive by most historical standards gold standard will inhibit economic development as being way to restrictive.



To: carranza2 who wrote (62451)4/4/2010 12:14:20 AM
From: RJA_  Read Replies (1) | Respond to of 220241
 
Jim Grant debates David Rosenberg 3/23/10:

grantspub.com

Hat tip, zero hedge.



To: carranza2 who wrote (62451)4/4/2010 8:34:02 AM
From: TobagoJack  Respond to of 220241
 
I like sure bets

we are fortunate to know that gold is for sure bet