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


To: wonk who wrote (79061)9/5/2011 10:57:32 PM
From: carranza21 Recommendation  Read Replies (2) | Respond to of 218131
 
"Whether gold is a good value today is fundamentally based on the irrationality of man."

No, indeed!

It is based on two things, the level of real rates as they relate to honestly-measured inflation and the levels of money in the economy, whether measured as MZM or M2 or the Austrian Total Money Supply.

If irrationality is involved, it is the utter irrationality and bad judgment of central bankers, not 'man' in any general sense.



To: wonk who wrote (79061)9/22/2011 3:15:56 PM
From: carranza2  Respond to of 218131
 
Well, here we are, September.

September came in like a lamb, leaving like a lion.

Yep, September is fraught with risk.

But wait 'til October, that is when it really gets down and dirty......French banks going TU, Italian banks teetering, PNB Paribas I think imploding, etc.

Even gold is getting hammered, margin calls and general malaise the cause, I should think. After all, an investor cannot go to gold because the Swissie is no longer safe; he is forced to seek shelter in the USD, that splendidly strong currency.

It's deja vu circa 2008 all over again.