David Roskoph

A Return to the Gold Standard? Forget About It!

Author,

Defacto since 1973. The point is that gold will never go back to any relationship to dollars. It's detaching as a monetary instrument, ie something with "intrinsic" value. I have read that the gold / dollar relationship is north of $6,400 presently, by 1935 standards.

The Truth About Unemployment Numbers

Steve,

Imagine how lovely the country if they only stayed receptionists; the lawyers I mean.

A Return to the Gold Standard? Forget About It!

Author,

seekingalpha.com/artic...

A Return to the Gold Standard? Forget About It!

Doesn't anyone get it? Gold is not able to reinsinuate itself into a monetary sytem growing faster than a rabbit farm. It is being relegated to pure commodity status, exiting its monetary role. The world is awash with paper and its value has more to do with the francise printing it than commodities in the storehouse. Gold is in a drifting lifeboat without a rudder as the sea of paper currency rises higher and higher. If we had passed the vail into boundless inflation, gold would be trading in the thousands and there would be violence. We haven't and, truth be told, the presses have not yet replaced deflation's toll. Sell gold, as ironic as it may seem, US dollars will be the new gold standard for a bankrupt world, based purely on the strength of the productivity and innovation of the world's best franchise.

ps. I'm waiting for the tomatoes.

What's Going to Replace the Dollar?

The better question is - What's going to replace gold as a monetary standard? The answer is the US dollar as a function of the value of the franchise. The world is drowning in fiat with a new tsunami guaranteed to occurr. The dollar will rise as the most secure of all the worlds' 'funny monies". Gold is fading as some magical place to avoid cataclysm. In fact central banks are probably selling it to a frothy public because things are so painfully extended (worlwide) that it's all or none.

U.S. Debt Default, Dollar Collapse Altogether Likely

User 261133,

Shhhhhhhhhh. You'll anger the gold bugs.

U.S. Debt Default, Dollar Collapse Altogether Likely

This storm has already passed and the dollar has necessarily survived. When the world was reassembled in Bretton Woods (1944) the dollar was linked to gold, now it will replace gold. American capitalism has won the world and contracts or not, America will not fall as its leader. The consequences of our failure would cast the world backward 20 years. The world IS supporting the US dollar even though we solemly swear our presses will run round the clock; it's the value of the franchise. Gold is supported by a public frightened into thinking this will result in a complete meltdown (again). Markets are ever-more a fleecing ground, just like the good old pre SEC days. My guess is central banks are selling as gold is moving away from being a monetary instrument.

ps. Nice methapors

Fed's Latest Move an Indication of Economic Weakness

We are reduced to a parody of a republic. One dependent upon the overconsumption and rising debt of its citizenry to survive. One placing a facade out to the world hoping that no one will do the math and understand just what rating our trueasuy bonds deserve. We sell our market as the latest casino to facilitate liquidity and cast a blind eye to the "market wizards" who magicall grow their billions with "black box" algorythms. What else would raise a market in a landslide of factual ugliness? The risk of letting the recession out of the bag is that it isn't a recession at all.