CPDLC,
In other words we have a new type of currency called "Gold" that could then revert back to the gold standard?
Obviously a complex issue when I try to piece the puzzle together and try to join the dots. If Feds can't taper the problem already large gets even more uncontrollably larger so the Feds will have to keep propping up the stimulus. When the 'recovery' finally shows sign of standing on its feet, a lack of stimulus since it was artificial in the first place and a catch 22.
In this climate of unending stimulus and weak growth being propped up by stimulus, how can gold ever recover as a hedge against inflation? There are a few commentators who thinks the latest gold rally is fueled by Egypt crisis as political uncertainty fuels an ever rising oil price which translate to 'extra' unwanted inflation for each major economy. Is this the indirect reason for the gold price rally? If so I see this as being a temporary rally depending how one views the Egypt crisis unfolds. All so complex and raises even more questions than can be answered.
Meantime comforting myself to yet another missed opportunity !
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