Support for the US dollar at current exchange value level is clearly unsustainable ... .At the explosive increase in dollar supply floods the markets , a corresponding increase in the dollar price of nearly everything , gold included , is to be expected . The US dollar is already a wasting asset , with interest yield far below real inflation rates
I don't know what kind of tobacco the author is smoking , but the massive ...and intrinsically unpayable private and public debt runaway dictates a substantial dollar devaluation ..Yes - all currencies are fiat ...but Gold is not ...I bought a new car 50 years ago for a thousand dollars today the price in dollars is twentyfold ...but in gold - unchanged ! It is time for someone to wake up and smell the coffee .....
The notion that gold is"volatile ' and "fluctuates" is absolutely erroneous ..It is the dollar and other fiat paper currencies that meander...but over time - decline in value. The automobile I bought 50 years ago for $1000- now costs $25,000-...But the price remains the same in ounces of gold.!....yes.... gold is money ...the only durable money that cannot be debased by derelict governments !
Is the Gold Rally Overheated? [View article]
.At the explosive increase in dollar supply floods the markets , a corresponding increase in the dollar price of nearly everything , gold included , is to be expected .
The US dollar is already a wasting asset , with interest yield far below real inflation rates
What Is Going On With Gold? [View article]
It is time for someone to wake up and smell the coffee .....
Gold is Money - And Nothing Else [View article]