vince v

Post-Bailout Investing: The Big Picture

I've been in and out of gold for the last few years. It looks like the price gets pushed around by the big money. All of the rationalization why it should be up or down gets blown away when the IMF decides to unload or the hedge funds decide to bulk up. The case that you cite, central banks suppressing the price for political reasons, gives no hope that the price would ever be allowed to reflect the fiat money devaluation that we are seeing. But what happens when all of the fiat money slips at the same time???