Gold hits $900

And it's an all-time high in both Euro and Sterling terms. What's happening here is that all currencies are simultaneously devaluing as all countries print money to try to overcome debt deflation. So the dollar may look "strong" at the moment against other currencies, but that's sort of like a skydiver with his back arched and limbs outstretched falling slightly slower than other skydivers in sleek vertical postures.

Sure would have been nice to buy the GDX at 22 in October, eh?

No comments:

Ric Edelman is wrong on Roth 401(k)s and dollar-cost-averaging withdrawals

I'm a huge Ric Edelman fan. I'm a regular listener of his radio show and believe he's made a huge positive contribution to the f...