I have always thought that silver and gold are more tied to inflation than any nations debt. Oil usually is the driving force for inflation, and its fall the past few months have hurt prospects for inflation and the price of silver and gold.
The run up in gold beginning in 2001 was directly related to the second gulf war. The price of oil became the ultimate speculation. Now, with more oil than we know what to do with coming out of North Dakota, the speculation is over and so is the threat of inflation.
I have always thought that silver and gold are more tied to inflation than any nations debt. Oil usually is the driving force for inflation, and its fall the past few months have hurt prospects for inflation and the price of silver and gold.
The run up in gold beginning in 2001 was directly related to the second gulf war. The price of oil became the ultimate speculation. Now, with more oil than we know what to do with coming out of North Dakota, the speculation is over and so is the threat of inflation.
Thanks for your perspective, Rick. Good to have some new blood over here!
Comments
I'm using chrome with Windows 7 and still have to manually insert the line breaks. Gotta be somewhere in my settings.
I can't even post to a thread if I use that little fix thingy for line breaks. I get the 113 error. With FF. Have not tried IE or chrome.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
Have you noticed my new sigline
Knowledge is the enemy of fear
The run up in gold beginning in 2001 was directly related to the second gulf war. The price of oil became the ultimate speculation. Now, with more oil than we know what to do with coming out of North Dakota, the speculation is over and so is the threat of inflation.
I have always thought that silver and gold are more tied to inflation than any nations debt. Oil usually is the driving force for inflation, and its fall the past few months have hurt prospects for inflation and the price of silver and gold.
The run up in gold beginning in 2001 was directly related to the second gulf war. The price of oil became the ultimate speculation. Now, with more oil than we know what to do with coming out of North Dakota, the speculation is over and so is the threat of inflation.
Thanks for your perspective, Rick. Good to have some new blood over here!
Here's a warning parable for coin collectors...