banksters use deflation myth to get bailouts , page-4

Nice post ctindale.

Very well put. I see your perspective quite well now and it has helped me better articulate some imbalances in my non-economic trained mind.

I think to be fair there are types of gold bulls out there. There are those who are seeking the truth (i.e. interested in productivity and true economic growth over time) and those who are chasing the next asset bubble. The latter will inevitably call physical gold and their poor cousins a bubble in the future and in so doing move on to the next asset class of choice.

The former are more focused on ensuring that their investment choices are economically sustainable. Buying and selling gold and its poor cousin gold equitities can picture quite well in that mindset. It's when the mindset becomes narrowly focused that the problems start to arise.

I believe in both physical and equities. One is an anchor and the other is leveraged investment. I believe in buying/ selling at oppotune times to ensure I do not fall victim to the volitility associated with bubbles. But I will never actually call gold a bubble asset.

Perhaps the time is comming where gold equities will collapse (yet again) and relinguish thier gains. Gold to will negatively suffer in comparision to other asset classes. But overall, the phylosophy is clear 'economic sustainability'.

Cheers again ctindale for your thoughts. On aside I detect that you too have grown in your understanding of gold and its role over the last few months.

GC