E.D.Hart

Is It Time to Buy Gold?

Gold is not an investment? I guess it depends on who you talk to. My gold broker made 4.5 million dollars last year not investing in gold, just buying and selling it as you would stocks. Stocks are not really investments either because they typically are not held for long time periods. (sarcasm intended).

We are in a unique period of history--this global crisis is occurring everywhere and governments everywhere are responding the same--increasing moeny supply, and decreasing rates.

Nothing is certain in this life. There is no doubt we are headed for some deflation. But throguout history goverments have used inflation to monetize debt and keep their hold on power.

A bet on long term, sustained deflation is a bet that governments will act in ways that don't serve their interests.