I continue to be amazed by the financial media and some of the horrible analysis being done on the precious metals arena. It is amazing to me to keep hearing how gold is a commoditly and is now in a bubble. In a bubble? As compared to what? The 80% rise in the stock market over the last 15 months?
It seems like common sense that gold is now acting as a currency and not just a commodity. Look around the world and ask yourself, do you really believe things are all better? Gold smells this right now. Gold knows that the absolute only option left for the west in particular is to print money with abandon and try to keep the fiat system afloat long enough to inflate debt away for both the public and private sector.
Most people with common sense know that. Why can't the talking heads just say it?
Tags: Gold Inflation Debt Crisis
