Wednesday, Dec 02, 2009
Inflation/Deflation is not the real issue - it's DEBT
Money Week: Two more reasons why investors shouldn't trust governments
Unlike paper money, gold’s value isn’t dependent on a government promise. Gold’s rising price is largely because investors are concerned, not about inflation or deflation as such, but about the undermining of paper currencies.
Posted by general congreve @ 03:07 PM (452 views) Add Comment
6 Comments
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1. alan said...
Gold; US gold hits record $1,218.40 on investment demand, says Reuters.
http://www.reuters.com/article/usDollarRpt/idUSN0239278820091202
Gordon Brown is still telling people the UK will come out of this recession with big smiles and no pain. He's hoping people will still buy our bonds. Methinks people are buying some gold too....just in case.
Watch the situation get worse. It's make or break now! Can't see him turning back - he's going to front it out.
Buy an insurance policy...gold coins. Maybe tinned food....or a gun?
2. Alfie said...
Maybe the end of the Mayan calender in 2012 (just released a film about it), is actually about the total crash of the world economy and we will all have to start trading with gold again. Im sure Gordon has a few pots of gold stashed in his skull, because there is plenty of room in there.
3. David South said...
not sure if this the right thread to ask,
Hyperinflation what effect would that have on house prices?
4. This comment has been removed as it was found to be in breach of our Blog Policies.
5. amjidk said...
i think i need to move a little more of the cash into gold and silver
6. techieman said...
http://danericselliottwaves.blogspot.com/2009/11/counting-gld-in-detail.html
gld is an ETF but you get the "picture" :-).