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Sunday, January 18, 2009

Hi yo, Silver

Jesse surveys measures of monetary growth in the USA. He concludes that inflation is likely to drag the dollar down and shares upwards (N.B. in the 70s, they didn't rise as fast as inflation); as to commodities: "silver may be one of the first commodities to break out because the government maintains no significant physical inventory of it as it does for gold and oil."

UPDATE (re silver): Tim "Mess that Greeenspan Made" Iacono thinks so, too.

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