bearfund

Gold Prices Keep Getting Fishier

The dollar is a claim on the future output of the united states. At present that output is shrinking at an accelerating speed with no end in sight, and the number of dollars in existence is exploding higher as the central bank pushes on strings in a desperate attempt to stimulate ever greater indebtedness. The dollar may "soar" on various irrational trades made during this panic, but it'll come back to earth like a lead balloon upon more sober reflection. It would be a stretch to say the fundamentals are as bad as those of the ISK, but it's not even in the same league as gold.