is there a bubble in gold...marc faber, page-13

  1. 804 Posts.
    lightbulb Created with Sketch. 4
    I try to think of it this way Saturn V:

    forget about nominal values and define gold as money

    and see currency as a commodity

    ( Shedlock has a good definition of what we call money but is really currency:
    http://globaleconomicanalysis.blogspot.com/2009/11/what-is-money-and-how-does-one-measure.html )

    so I reckon there are opportunities trading currencies and other commodities to increase your wealth but countries or individuals who end up with the gold/money in a massive deflationary environment "win"

    Those consumers are just going to have to do nothing much - just sit around watching their assets deflate (relative to money/gold) and probably getting quite upset about it all as the drama of the next few years unfolds
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.