Siamese,
The recent moves in equities - to me - indicates that people think that there is a relatively painless way back to a 'normal' economy.
So gold will get flogged; is getting flogged.
And yet people also seem to think that inflation will be relatively benign.
Yet I can't see how these two things can be?
So now I am getting more and more firmly on the depression camp - with deflation in asset prices and inflation in the things that we use. Brantley posted a very interesting piece on commodity prices and the Baltic Dry Index.
Gold may only be 'relatively' good in the medium term. But I am still certain of it's longer term value.
- pug
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