Monday, January 7, 2008

Get gold now

Bush can buy time as property bubble bursts

Not even a Bush New Deal can hold back the post-bubble tide that is drawing in across the globe. What it can do is buy time. Fortunately for America - and the world - the US budget deficit is a healthy 1.2pc of GDP ($163bn). Washington has the wherewithal to fund a fiscal blitz.

Britain has no such luxury. Our deficit is 3pc of GDP at the top of the cycle. Gordon Brown has shut the Keynesian door.

Posted by sold 2 rent 1 @ 08:36 AM (672 views)
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2 thoughts on “Get gold now

  • sold 2 rent 1 says:

    techieman from yesterday’s post about gold

    “The analysis for gold depends on whether there will be hyperinflation or a deflation , in whatever the denominated currency. If hyper inflation then up up and away – if deflationary then (look at the 1929 – 1932 period) heading for a fall”

    You are 100% wrong here on the deflationary outlook. I am surprised as you are normally spot on.

    Gold mining stocks rocketed during The Great Depression – see graph

    Gold was a fixed price set by the govnmt. Had it been floating it wouild have rocketed too.

    No matter what the outcome of hyperinflation or deflation gold is going to the moon.

    The only caveat I will put in is for the 2012 Mayan Calendar theorists whereby we evolve to a higher level and as such gold’s 5000 year history of safehaven is no longer needed as we have moved on in evolution. Money is just a concept and can be anything we want.

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  • The guys (Bush & Co.) are truly “p1ss1ing against the wind”.

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