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To: Maurice Winn who wrote (89593)4/28/2012 2:16:50 PM
From: carranza21 Recommendation  Read Replies (1) | Respond to of 218705
 
It's a very good business to have a legally issued monopoly on.

Not really, and certainly not when real interest rates are negative, i.e., are not higher than inflation. Factor in the fact that the USD has gone down siognificantly and it is not the kind of business I would like to be in.

I'd much rather be in gold. The site linked below values things using an ounce of gold as the measure of account. The markets look like very poor investments when measured against The One, The True, The Timeless.

golden-markets.com

Nonetheless, an excellent trade for the banksters who have access to ZIR money is to take that no/low cost moolah and buy gold with it. Now, that is a carry trade to beat all so long as interest rates stay negative.

Manipulated markets create lots of opportunities for those in the right places but they are exceedingly toxic for the rest of us.