extinctionism

The End of Gold, Part Two

It's nice to hear some common sense here at Seeking Alpha which is in contrast to the usual regurgitated Gold Bug garbage.

What a golden opportunity to short gold at these levels. Reading the comments here, the flaming bullish arguments for inflation persist in complete disregard of mountains of evidence to the contrary. Debt is defaulting at an alarming rate, asset prices are trending down, in fact, tanking (except the intentional bubble in Treasuries that won't last) and income is getting trounced. Please remember that massive "printing" money was also done by credit card companies; any major store was a money printing machine. This is over and the government will never be able to keep up with the destruction of insupportable debt through default.
It is also interesting that the great depression saw huge increase in the monetary base; a lot of good that did. They couldn't catch deflation for the same reasons.