tinman

The End of Gold, Part Two

On Dec31, the 10yr Note was around 2.1%. Last week it was 2.8%. I think it's a trend that will continue if not accelerate. As other central banks join in the printing frenzy, there will be few safe havens other than gold (and perhaps commodities to a lesser extent).

I'm certainly seeing a lot more gold talk from the mainstream punditry. This is not a coincidence.

The End of Gold, Part Two

In pitting the irresistable force of the US Treasury's printing press against the immovable object of deflationary financial system freeze, my money is on the printing press. Our descendants are certainly going to pay for this but the countries holding our notes may ending up being the real bag holders.