gold, page-64477

Some people are building magnificent castles out of sand, and are glorying in it in the moment.
Will it last though? How much of it will they be able to salvage as the tide comes in?
The myth that everyone will get 100% of their gains out and that debt 'doesn't matter' will eventually be shown to be untrue.

Could it be that the global monetary system and economic theory post GFC evolved to another form of model (MMT) since human developments do not stand still from politics, economics, climate and any other measurable landscape?

This is classic 'this time is different' thinking. Dr Who is saying very much the same thing. There is always some justification found for this kind of thinking, which fuels irrational exuberance.


Could it be debt is simply rolled over into perpetuity on maturity or bought back by CB with new "money".

Does not sound feasible at all. This sort of behaviour would just erode the monetary system further.


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I think the discussion should be less about what Harry or Bob are up to with their own personal investments, and more about where Gold is headed and why.

That's just a difference of opinion between you and I really. Others may agree with me, or agree with you.

I like the macro picture, and you like the 'in the moment' stuff.