Skol, got any relatives living in Spain, Ireland, Greece, the Baltic states, Iceland, UAE, Detroit, Cleveland, or New Jersey?
If you have, give them a call. The GFC wasn't a discrete event for them, its still going. Sure, you can say that's over there, not over here. But here is where I see the speculative element coming in - those economic conditions are coming over here. But only after inflation has gnawed the legs of the chinese consumer down to bloody stumps. That's when the idiot politburo over there will finally quit its insane Keynesian experiment.
Still waiting for your explanation to the question - why is gold overpriced?
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50 years of suppressing silver (and gold), page-62
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