Gold is the universal money, always has been. JPY was down 9% today in real terms. Dollars don't matter; we're down to brass tacks here and when trust is nowhere to be found, gold is the ultimate asset. JPY, CHF, NOK, all fine paper. But still paper. The forex markets have become irrelevant; if you don't have gold, you don't have anything.
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Gold is the universal money, always has been. JPY was down 9% today in real terms. Dollars don't matter; we're down to brass tacks here and when trust is nowhere to be found, gold is the ultimate asset. JPY, CHF, NOK, all fine paper. But still paper. The forex markets have become irrelevant; if you don't have gold, you don't have anything.
Sep 18 01:03 am
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