tazmac's top 5 gold bubble remarks, page-6

SP, gold is money. It's what that money buys in terms of assets, which is important not paper dollars... whether a deflationary collapse or hyperinflation, it's the same principle.

All those dollars printed since 1980 went somewhere... real estate, stock market, commodities, bonds. Comparing gold to these assets makes more sense than the dollars themselves.

Consider an American who bought bullion ten years ago. In terms of gold, real estate has fallen up to 90% and over. It makes sense for that person to consider switching assets. Same applies to Ireland and many other countries.

We collectively spend too much time focussed on $US price. Does an open pit gold producer make more money with gold $US 400 and oil=$10, or $US850/$150?

The chart I posted comparing gold to other assets is far more important than the $US chart. It's asset rotation that will ultimately end the bull market.

Rowingboat