return the gold standard as world unravels, page-29

Flats said;

"...it's still early days yet but people are getting nervous."

Really, I reckon we're much closer to a global economic capitulation than most care to think.

It's interesting isn't it that we were struck by the GFC/credit crisis which was largely as a result of very loose monetry policy in the US. Sooo what do the biggest global economies do, oh yeah throw yet more capital at the problem and reinflate the bubble for yet another run!

China's stimulus package was TWICE the size of the US's which is one reason we're going to see a hard landing there before the end of this calendar year in my view.

What is gold valued in, oh yeah that's right US$ which makes the point of holding gold a farce really.

WC8