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I'm looking at gold myself. My son has just bought his first physical gold, so I may go for that.Link works for me using Chrome.
The gold debate rages and I confess to being just as confused as ever. Firstly it confers power to the few and secondly it is the only really safe haven.
Printing money in the form of debt, and extracting a percentage upfront as fees and in the form of notes, confers power.
Wow you´ve gone total Gold-Bug on us!
Hi, Wolfie. No, that was five or six years ago, when I didn't have the money - or I'd be in Devon and crowing. Now, I think gold is fairly valued against the money supply though the relationship is stochastic and liable to delays and reversals. I see it as a long-term hold and a buy for those that think the money system is going to have to be rejigged after a major inflation episode.When the velocity of money stops declining (it can't go to zero) and a bankrupt government continues with QEx, we will get that general inflation in prices.Even then, those big-ticket items whose price is largely composed of borrowed money (e.g. average houses in the average non-SE area)will, I think decline relative to the cost of essential expenditures. I suspect that food and energy will consume a larger proportion of the ordinary person's income for years to come - I wish I could prepay for 5 years' supplies.Merry Xmas, and hope you and yours are well and will prosper.
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