Hey ad,
Well we are having a lot in common: gold.asx and having problems posting and staying logged on HC etc
Probably my last post seemed a bit harsh in questioning you about gold.asx, but my lengthy post that disappeared wasn't so, ahhh, confrontational.
On inflation: surely the US treasury and feds are aware of the great problems that inflation cause, and they know what investors think about inflation too (given recent bond sales, and China's wonderings).
Mike,
I've split my money up into various institutions (I did it before the govt guarentee), and the best that I am getting is 7.5%, but until next year. But I've got a feeling that interest rates - even for deposits - are heading higher pretty soon.
As for gold getting into the media - there have been lenghty sections in the Age, and the Herald-Sun (eek, yes, the Herald-Sun!).
But for me, while everyone is sticking money into gold and oil etc, etc, the central banks are gonna have a harder time selling bonds. Now, how can this continue to go on? Sure, it is one thing to monetize debt, but govts still need to raise funds to operate. Zimbabwe can monetize all the debt they want, but then where are they going to get ongoing funds from? They can't. The US realise this. They can clear their current debt: but then what? Become self-sufficient? Huh, ha, ha!
Inflation may solve debt, but it won't fund anything into the future; which is what govts are trying to achieve.
deflation.
- pug
Just some thoughts
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