A good roundup on how and why the US Fed inflates and a good summary of the 'barbaric relic'.
Gold can continue to correct because the Knee Jerks that bought it up to $1900/oz. last summer during the Euro panic were overall unhealthy and purification of the investor base is in progress. But the value proposition is unchanged to this point, so far as I can see. It is just coming at a higher assigned 'price'.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Not sure if this is tin foil hat stuff, or simply cold hard logic - Jim Rickards, in his book Currency Wars, predicting Germany/EU will never see its gold again. Dollar collapse brings US confiscation of sovereign gold stored on our soil (~70% of world's gold is stored in NY).
ReplyDeleteSome interesting thoughts and comments in this thread:
http://fofoa.blogspot.com/2011/11/discussion-forum.html
Rickards interviewed on KWN: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/11/19_Jim_Rickards.html
My thoughts: I always (naively) imagined a return to a gold standard would be an act of freedom for and by The People. It's looking more likely that return will first occur as a global act of totalitarian control.