Post
Topic
Board Economics
Re: Gold: I smell a trap
by
miscreanity
on 18/10/2011, 02:05:57 UTC
So what is the safe heaven now?  automaticearth that you also linked to at some point argues that for this stage cash in dollars is what is going to rule the market.  If not dollars then maybe CHF?

Gold. Real assets. The Swiss Franc is the closest fiat currency to gold, so it will continue to gain against the dollar, but lose against gold. Likewise, highly liquid currencies will be in demand for various reasons, but all forms of money are depreciating against gold.

Multiple dynamics are in play; only gold wins in this situation (and crypto-currencies such as Bitcoin, eventually).