Monday, December 12, 2011

Samizdata

One of my old hangouts when blogging was new. It's been awhile since I've been there, and so I came back to look around. Not much has changed. Here's a piece that may be worth reading:

Why paper money is collapsing

Gold is selling off big today, but that may not matter much.  The markets are very unstable now, as big swings one way then the next occur continually.  Gold is one of those indicators that something is amiss with the currency.  But you wouldn't know it today.

Much depends upon how this financial mess gets handled.  If it plays out as I expect, the powers that be will try to paper over it as they've been doing.  In that case, gold will resume its move higher and higher.  That's been the long term trend now, no reason to expect that this will change.

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