bonifiedhustler

Gold: Not an Effective Hedge Against Inflation

The author's argument makes little sense. The argument is that the current price, which, based on a high real-price in 1982, has provided substandard returns. For that reason, investors looking for a real-return should look elsewhere. If the inflation-adjusted price to match 1982 is $2,300/ounce, who is to say that outcome is unlikely?

Defensive Positioning in the Bailout's Absence

money and currency are not the same.

Defensive Positioning in the Bailout's Absence

bobomite -- Debt creates money. Thats why banks like it. They want to keep that up, which is what freeing access to credit will to. The problem is, to fuel the debt, you need to expand debt, and it can't go to infinity.

Obviously, hindsight is 20/20. But lets reduce debt. Bankers wouldn't be as rich, but society as a whole would be better off.