Heyoehkah

Is the Gold Rally Really Over?

Nice poem Kunst but I could not disagree more with your thoughts on the future. Look for the dollar to lose two thirds of its value over the next 8 to 10 years. Regardless of the lies the Bush administration and the Fed are saying about inflation, anyone that pays attention knows it is running out of control.

The last time we had very bad inflation was the 70's. Paul Volkers cure was 20% interest. Fortunately our small national budget was financed mostly on 30 years notes. What happens now with our debt in mostly short term notes when interest rates are raised to curb inflation? We default.

The only way out of this short of radical political reforms is to try and outrun inflation. To print ourselves into prosperity. Forget that it has never worked in the past.

My money is in gold and silver mining stocks where it is safe and growing much more rapidly than almost all legal alternatives.