billjustbill
Bronze Member
This keeps one's feet on the ground....
This article seem to set a pathway of reason and calmness to what's coming. If the paragraphs from it is to your liking, then the link of the article is below it.
Your thoughts?
Bill
"When gold rises, other assets will rise as well. Even in a hyperinflation, all assets make that transition to the new land of currencies. The German Rentenmark that replaced the hyperinflation currency was backed by real estate instead of gold. So do not listen to the gold promoters as they speak with forked-tongue. Sure, gold will rise, but so will equities and in the end real estate, although the latter will greatly depend upon taxation. All things will be redenominated in whatever currency we end up using. The dollar is NOT the problem. The entire system based upon the same structure of perpetual debt is the problem.
For now, the Greenback is moving higher. With a rate hike by the Fed, we should start to see panic buying as all the dollar denominated debt will take a hit forcing short-covering in the dollar."
Gold Has NOT Bottomed Yet | Armstrong Economics
This article seem to set a pathway of reason and calmness to what's coming. If the paragraphs from it is to your liking, then the link of the article is below it.
Your thoughts?
Bill
"When gold rises, other assets will rise as well. Even in a hyperinflation, all assets make that transition to the new land of currencies. The German Rentenmark that replaced the hyperinflation currency was backed by real estate instead of gold. So do not listen to the gold promoters as they speak with forked-tongue. Sure, gold will rise, but so will equities and in the end real estate, although the latter will greatly depend upon taxation. All things will be redenominated in whatever currency we end up using. The dollar is NOT the problem. The entire system based upon the same structure of perpetual debt is the problem.
For now, the Greenback is moving higher. With a rate hike by the Fed, we should start to see panic buying as all the dollar denominated debt will take a hit forcing short-covering in the dollar."
Gold Has NOT Bottomed Yet | Armstrong Economics
