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


To: Maurice Winn who wrote (86491)1/27/2012 1:31:40 PM
From: Threshold  Respond to of 219497
 
Are you Gartman's Dad?



To: Maurice Winn who wrote (86491)1/27/2012 2:08:03 PM
From: RJA_  Read Replies (1) | Respond to of 219497
 
>>When the new world currency is introduced, gold will suddenly look so last-century and the repeat of the long decline will create a whole new swarm of sadder but wiser "investors". TJ's gold profits are part of a zero sum game.

"When the new world currency is introduced..." Implies perhaps, its not too healthy to hold the old ones... and gold bridges the gap between old and new.

As for new, we do not know, when, if, or what it will be, so a little early IMHO to place a bet on that puppy.

Historically, the first attempt at introduction of a new currency does not always go so well, as in the French inflation of the late 1700's... The first two attempts at introducing new paper failed, in spite of all laws and draconian measures demanding their use... which let to Napoleon and the re introduction of gold.

Post Weimar, the first currency introduced was the Rentenmark, which was successful, but replaced (I understand) by the quasi gold backed Deutsch Mark during the inter war period.

During both periods, gold got you successfully to the other side.

There are lots more examples in history of the tragic tales of failing currencies, and what to hold during the run up to the event and there after.

As for the 1970's, I was there, and positioned accordingly, so this is not new to me... What is new is this is now world wide, and appears to be more extreme, as described here:

Message 27909783

Your photons manifesting as ownership representations on a screen appear to be working for you, but not quite as well as the photons manifested as heavy yellow reflective metal...

finance.yahoo.com

still, suggest you do not condem what obviously has worked for others, at least up to now...

As for the future, we all make our best educated guesses, given the inclinations of the CB'ers and TPTB...

Re gold being money, many would disagree with you in that it has never ceased being same... the others are just failing.



To: Maurice Winn who wrote (86491)1/27/2012 11:51:26 PM
From: carranza2  Read Replies (1) | Respond to of 219497
 
mq, you forget the setting back in 1980, and you seem to know little of Gibson's Paradox. remembering one and comprehending the other might give you a significantly different viewpoint.

i fully expect gold to end up in a mania, at which time i will also sell. but the rise in price is not related to any bubble, at least not yet.




To: Maurice Winn who wrote (86491)1/28/2012 12:27:02 AM
From: carranza2  Read Replies (3) | Respond to of 219497
 
the Summers scholarly article on gold, interest rates and Gibson's Paradox is heavy slogging, with some maths i don't pretend to understand. however, this article does a good job of explaining things.

who's a zombie? it seems to me that perhaps the label might aptly be applied to you for i see no effort to understand past the 'gold is in a bubble' buzz.

anyway, here you are, hoping against hope that a bit of sense might help.

marketoracle.co.uk