1.24.2009
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?
Subscribe to:
Post Comments (Atom)
-
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
-
Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
"Democracy" may not be on the ballot, but freedom of speech certainly is
This idiot was actually a high school teacher, indoctrinating kids with these Orwellian lies : Walz making an alarming and false claim: &quo...
No comments:
Post a Comment