gold, page-62760

I think think you are right to question everything. Life evolves and so do systems and markets. Too many relate today's world with 1950 and that is ridiculous, in my opinion. Due to technology the system can be supported or constrained at the touch of a button. I think too many focus on the mind-boggling quantity of debt.

I think of sovereign debt as just digits on a computer. It is only a problem if inflation is getting out of control. So in theory public debt can increase indefinitely, provided it doesn't cause hyper-inflation. People run for their history books and quote Weimar Republic etc. Saying it is only a matter of time before we are pushing money around in wheelbarrows.

To an objective observer how absurd is that? The computer (as we know it) wasn't around in the 1940, computer power is a transformational change and with it we should change our thinking about money and debt.

keep it simple: don't try and 'imagine' that people are doing it tough. If businesses are in business it is because people are buying, people are buying because they have disposable income.

There has always been arguments about whether or not inflation is a good thing. Personally, within a tight bound I think it is. Reason, as productivity increases people deserve more wages and the higher wages require a higher price of goods/services. To move ahead the higher price of goods/services needs to be marginally less than wage growth - and that is what we have.

Generally, but always ready to change mind, I believe: the lack luster growth of recent years is a temporary phenomena as other parts so the economy catch up with technology, debt is not an issue provided inflation is kept in check - I think it will be, the next 10 years will deliver a greater expansion than anyone today can imagine. Technology driven and other parts of the economy have caught up.

Yield, hover between 1.5% and 3%. Gold meander along with a range 0f 1360 - 1500, that range increasing marginally in line with inflation + 1.7% per annum