silverwood

Does Mises' Equation Give a Basis for Gold Price?

"I guess the question is can our government walk the tightrope? Probably not. Then what? Another fiat unit will be redefined by a new geopolitical regime which will last for another couple of decades before repeating histories mistakes."

Then What? I believe we are headed for a global central bank and a world fiat currency to be the next monetary experiment. The proponents of fractional reserve banking will not give up their powers willingly. Most likely a disaster and revolution will be required to unseat them.

Commodities Will Lead the Recovery - Matt McCall

I agree with Matt McCall that silver is shaping up to be an excellent play. He has hit on silver's main supply fundamental, which is byproduct base metal mining. Couple this with silver's monetary role and the poor mans gold and silver prospects are bright.

Dennis Gartman on Gold, Oil, Government and the Economy

DG:" It’s more that I think gold has quietly moved up the ladder of reservable assets, a reservable asset being one that central banks are willing to keep on their balance sheets, all things being equal. Dollars are still the world’s dominant reservable asset. The Euro is next and gold is probably the third.

I think that’s all that will drive the gold prices quietly higher. I am not a gold bug; I don’t think the world’s coming to an end. I think the history of man is happen to be modestly bullish on the gold market, but not because of inflationary concerns."

So, according to DG a Gold Bug thinks the World is coming to an end? Now Wikipedia's definition which I believe to be correct...
"The term gold bug is a (sometimes pejorative) term used to describe investors who are very bullish on buying the commodity gold." According to that definition DG is a Gold Bug.

DG also believes the only driver of gold will be Central Banks. You mean to say private individuals seeking wealth protection from vast amounts of excess liquidity being supplied to bail out troubled entities and stimulate economies globally will have no influence on gold?

Basically, I would agree with many of DG arguements but the above statements makes me shake my head.