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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (27640)	5/4/2012 1:51:48 PM
From: GST	5 Recommendations Read Replies (1) \| Respond to of 29622

Gold up 8% on the year -- not 16% as it was earlier in the year -- and to watch the show from this chat site you would think it was time to arrange a funeral.

To: Tommaso who wrote (27640)	5/4/2012 2:53:49 PM
From: carranza2	4 Recommendations Read Replies (1) \| Respond to of 29622

provided its growth was restricted. Impossible. Without some sort of effective discipline in place, paper money will always grow and grow and grow until the problems associated with it become obvious, then the solution by the idiotcracy is to print more, stimulate more, get more into debt. This solution is of course appealing but deadly in the long run. Interestingly, it is not only the Weimar Germans who have had the lesson imprinted on them. The French had two runaway inflations caused by excessive printing within the span (I think) of about 50-60 years in the 1700s, if I recall correctly. The French should be much more aware of the issue than the Germans. And perhaps some of them were - De Gaulle's insistence of swapping paper for gold caused Nixon to shut the gold window down in 1971. And therein lies the rub: people forget. These things take generations to come about in major economies. Memories become short, we become more 'modern', forget that there are some hard economic laws at play. And when these hard economic laws come into play, they are seen doing their work in faraway places like Brazil, Argentina, Zimbabwe, places with which we have very little or nothing in common....or so we think. But things happen much more quickly now, and the incredible printing, stimulation and growth of debt has occurred within a very short time frame. The only ones who seem to have learned the lesson are the Germans, but they are now being pushed and pulled. One day, I will give my son gold coins my grandfather gave my father who gave them to me. My great grandfather, a seller of military armament and munitions, only took gold in payment for his goods. These people knew.