Originally posted by AverageJoe
Going by the Xauaud rally I could have sworn the Ozzie economy and AUD is turning to sheets. Never mind worthless USD, AUD already turning brown. Lol
If both those ccy turn together, we might have to value gold in corolla units or maybe cows? I like XAU in Venezuela whatever currency. How many zeros are we talking about? Even Schiff/Rickards would be impressed.
The irony of goldbuggery!
The goldbugger seems transfixed on a collapse in global economies to give them a warm fuzzy feeling about their gold. Yet, what is the use of gold if the factors of production have turned to dust, politics is in disarray, unemployment is rife and there is anarchy in the streets.
I find it hilarious to read the wild dreamy stories on here and then the irony of the same celebrating the upcoming demise of monetary systems. The very same systems that keeping things ticking along.
A word from the recent past...lemmings.
Gold is getting close now, soon be ready for the big sell!