Post
Topic
Board Economics
Re: Gold: I smell a trap
by
MatthewLM
on 29/09/2011, 20:46:56 UTC
Dollars has virtually no non-monetary and non-investment value.

So?

Why do you think USD will beat gold?

Quote
MatthewLaMe:  no dipshit.  b/c the USD debt destruction is happening faster than what little printing Ben is doing.

If the derivatives are going to fail then this is bullish for gold I think. People will want a safe haven as they wake up to the mess of the paper markets and if the commodities paper markets fail then the manipulation in gold and silver will go away.

But the federal reserve and US government will try hard to keep the system running. It's going to fail eventually though, through hyper-inflation or through mass debt default (Possibly expect a mixture through monetary intervention battles with debt crises).