You can't fool gold

secondrepublic

secondrepublic Posts: 2,619 ✭✭✭

February 13, 2009 1:54AM in Precious Metals

Great article on Mish's website: link to article.

"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)

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roadrunner Posts: 28,303 ✭✭✭✭✭

February 13, 2009 7:08AM

Gold has performed in strongly inflationary cycles, deflationary cycles, credit crunch cycles (ie derivatives failing), and combinations of all 3 things. It doesn't really matter what the cause ends up being, the metal has been moving up since November.

Shedlock's article was a good read.

roadrunner

Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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