Tuesday, December 01, 2009

News: North Korea steals from savers

See Denninger.


James Higham said...

Well naturally they do.

Tyrone said...

Yes, I saw Denninger, but I think his comment regarding gold might be insane.
PS: No, gold won't save you if that sort of thing happens.

Would you be better, worse, or the same if you held all gold rather than the devalued currency?

Sackerson said...

Gold is above trend, but for a reason. However, you can't eat it so if you had gold and were starving, who would be more likely to dictate the terms in an exchange of gold for food?