DONE_SONZ

Global Macro Trends in Eight Charts: The Next Crisis Will Be in Currency

Sky is the limit for gold.

What the G8 Communiqué Didn’t Say

Officials also began discussing “exit strategies” in terms of withdrawing massive global monetary and fiscal stimulus .Crash and burn would be the likely outcome of that.Way too soon.Don't shoot the messenger.

Gold Should Be at the Heart of a New Global Reserve Currency

Another great article.Thanks Peter.

Gold Should Be at the Heart of a New Global Reserve Currency

Clearly it was a mistake to change it in the first place.Since the the gold standard was stopped,the chart of asset prices rising looks like a side of a mountain.Mt. Everest comes to mind the way things are going.

On Apr 23 07:37 AM SW Richmond wrote:

> The world needs, and is now actively seeking, a reliable medium of
> exchange that can also serve as a store of value. In other words,
> money. Monetarists ignore the vital "store of value" function of
> money in favor of the more easily-to-manipulate "medium of exchange"
> function. There is no economic damage inherent in merely providing
> more "medium of exchange" by printing money, but of course the output
> of a printing press has no inherent value and is too easy to debase.
> "Store of value" cannot be printed. This simple fact gives the lie
> to "recapitalizing banks" by injecting them with newly-printed money.
>
>
> Thus the value of gold: it exhibits both "medium of exchange" and
> "store of value" qualities, and resists debasement because it cannot
> be printed.
>
> Finally, the inherent value of gold as money is less irrational than
> the inherent value of any other store of value/medium of exchange.
> This is due to its rarity, portability, durability, divisibility,
> beauty, and most importantly its ability to resist corruption by
> debasement. Gold represents discipline, something anathema to petulant
> central bankers and welfare-warfare governments alike.

G20 Could Surprise Currency, Gold and Bond Markets

Any currency not backed by gold is just paper.The more printing of it just lowers its supposed value even more and buys even less.

Global Currency Risks, Market Worries All Point to Gold

Unless a currency is backed by gold,its just paper.

Coming Inflation To Boost Stocks, Gold

The tax payers are footing the bill on the bailouts.Only if the money was paid back,would it be inflationary.