What If We'd Been on the Gold Standard? [View article]
I'm glad we don't have a gold standard. I've been buying gold and I hope they keep flooding the system with dollars. Every time the fed pumps money into the system it just devalues the dollar and raises the value of my gold position. I hope they put more gold out there too. Every time they try to put more gold on the market to reduce it's value all that happens is that the Chinese and Indians convert their ever worthless US Dollars into a hard asset like gold. That's the thing about "economic theory", it never accounts for the emotional side of things. The international community does not treat the dollar as the universal currency anymore. Even the Taj Mahal won't accept the dollar. Gold is going to $2,000 at a minimum.
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I'm glad we don't have a gold standard. I've been buying gold and I hope they keep flooding the system with dollars. Every time the fed pumps money into the system it just devalues the dollar and raises the value of my gold position. I hope they put more gold out there too. Every time they try to put more gold on the market to reduce it's value all that happens is that the Chinese and Indians convert their ever worthless US Dollars into a hard asset like gold. That's the thing about "economic theory", it never accounts for the emotional side of things. The international community does not treat the dollar as the universal currency anymore. Even the Taj Mahal won't accept the dollar. Gold is going to $2,000 at a minimum.
May 09 19:36 pm
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All Comments by vnewspaper »What If We'd Been on the Gold Standard? [View article]