GOLD 0.51% $1,391.7 gold futures

Nutty,There is an old saying that the more apocalyptic gold bugs...

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    Nutty,

    There is an old saying that the more apocalyptic gold bugs should remember:

    "Be careful what you wish for. You might get it!"

    Reading their posts gives me the impression that owning gold will provide some protection from the chaos that would follow a global banking collapse. This is delusional! It assumes that complex commerce is sustainable without a banking system.

    To borrow from Thomas Hobbes, life after such a collapse is likely to be "solitary, poor, nasty, brutish and short".

    Your reference to McCarthy's novel is entirely relevant.

    Let us hope that the central banks know their business.
 
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