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.

Gold's Big Picture

Yeah, it is never dull. My take on when Obama takes office will be of a candidate who has promised to stimulate (read pump in money) and a Cabinet team ( read Sommers and Bernanke, etal ) the promoters of the perception all is well in fiat land, will be quite the juggling act. At some point the gold suppression team will ease off, because of the large costs to do business and allow gold to rise to the next level where the rear guard will then hold that line. Gold will make a new higher high in it's long term bull market at that point. When this will happen is the unknown part. As history will show the Fed will continue on it's coarse of US dollar debasement, so clearly shown in it's track record.


On Jan 14 11:19 AM GMiki wrote:

> Strange week for gold with the commodity indexes readjusting. Looks
> at if we're back to the extremes on the Dow and a "strong" dollar.
> I wonder what will happen when Obama actually takes office. It's
> never dull.