It is a very quiet Saturday morning Kever Benjamin City. Half asleep I focus my mind of how to invest and I dream of building a fortress in the desert with money I take from a friend's account. Then I return the money without being noticed. I wonder if I it is ethical and wake up to continue the meditation.
A new consensus if being formed in the financial world: The Dying of Money. It says there is a worldwide competition to devaluate fiat money and gold (and silver) are the islands where investors ("rats" in the parable) can relax. While the Zero Hedge article (see link) seems logically solid, the fact is that the worldwide fiat money debasement is being carried out in a managed/controlled way by Benzi Bernanke and no hyperinflation is in sight. As people gets used to live in an inflationary environment, confidence may return and gold may return to less hysterical levels. I dont know.
6 comments:
The goldbugs are talking nonsense as usual. I am sure that after adjusting for inflation, the current price of gold at USD1,300 is much less than the peak of USD800 way back in the 80s.
In January 2008, 28 years after the all-time record high of price of $850 in January 1980, the nominal broke the record. In inflation adjusted US dollars, the price would have to reach about $2,200 to break the record in real terms. Today it should be near to 3,000 current dollars. Did I say dollars? Dollarchiks. Dollarcitos. Minidollars. Dollarelles.
Dollarettes.
This month I may use my 3,000 dolors to buy some money (ie, gold). I'll be more relaxed.
If that makes you relaxed, Adelante!
Much better to invest in guns and learning to live off the land. The Mad Maxes will take over when then currencies implode.
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