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Ed, as you may have noticed, I'm not much for conventional thinking here - and I lean towards the Austrian School. Yes, if you look at QTM, then inflation is monetary. And in a prior thread you mentioned hitting one target with two opposing arrows as a characterization of what I wrote...

"If assets were gold or oil, this phenomenon would be called inflation. In stocks, it is called wealth creation." - Treasury Secretary Nicholas Brady Let's think about that quote. Forget QTM. Forget indices that you say are mere aberrations when they act not according to...

I still disagree with a tech solution saving us. What does technology do? It makes us more efficient, which means we need fewer people to accomplish the same task. BTW, I'm not anti-tech progress. But let's think it through. Imagine an "energy revolution." What would really occur? More...

I somewhat agree with you and Ed on this. However, I also think that both inflation and deflation can co-exist, if you don't focus on the quantity theory of money, but the value of money instead. Bernanke needs to depreciate the dollar, in a controlled manner - to better service debts, and...

The tax treatment for the two differs as well. Long term cap gains tax on PHYS is 15% GLD is taxed at 28% That's a big reason for the discrepancy in premium. "A closer look at the prospectus reveals one unique and potentially exciting feature: any gains realized on the sale of units...

We are a mature economy. We have not had real (sigificant) growth for over 40 years. It's all been manufactured by defense spending, other types of government spending, and an expansive monetary system whose inflation was masked by productivity advances in agriculture and global wage...

So you believe that a debt based monetary system that needs to constantly expand, or it will collapse, irrespective of the productive ability to service it, is a safer bet? Be my guest... the world needs bagholders, you know?

Are you sure you're not holding the ball upside down? I think we may close positive.

Do you prefer an easily manipulated printing press instead for your source of a store of value? Ever read up on the history of fiat? Never ends well. There are some things that mankind got right the first time around.

There are always backroom deals being cut when the stakes are high. China is getting a lot of oil out of Iraq. Coincidence? http://www.google.com/hostednews/ap/article/ALeqM5jUgnf_h1tymdmTHrMf8uSi8NkDPgD9FOL4CO0

American... greek heritage. Also wanted to stick up for the Italians as well!!!

Just wanted to clear up a couple things:

Maybe one day scientists will find that gene that makes us feel as we do when we hold gold? I don't know - but there is something innate to humans about the desire to hold gold. It has never left us - from the times we lived in caves, to the era of space exporation - gold has its hold on us...

I don't rule that out, but I don't think it's a certainty either. Thru-out history, there has always been a return to gold. Should that occur again, then gold is no longer a commodity subject to the whims of the markets. Gold becomes money that sovereigns accept. It is possible that gold...

Or maybe it's a natural economic evolutionary process. Maybe deep down, on a subconscious level for many, there is this idea that gold represents a store of value that governments cannot destroy by replication and irresponsible stewardship as they do with fiat. Maybe the global fiat...

I'll agree to the extent that there are currency wars being waged. But it's not clear who is behind what. At least not the big picture. My view: the days of one country having a fiat reserve currency are numbered. In the last twenty some years, the world has gotten a lot smaller, and...

Ivan needs to do an IP trace on these locusts! Get the info over to Angela Merkel pronto! But seriously... I'm not saying that the Euro doesn't have its flaws or that the current management is doing a stellar job. But I do think many people in Europe take the Union seriously, even if...

Exactly. And there's a reason the ECB is located in Frankfurt, and not Brussels. If Germany left the Euro, the Southern states would default, re-emerge, and regain their productivity lost to Germany. Germany would actually be worse off. Germany has finally gotten her Reich. As a...

Germany is propping up the southern flank, much like China (and others) are propping up the US. Germany is not going anywhere.

This article is idiotic. Europe isn't Europe. What I mean by that is, you can't compare Portugal and Greece to Germany and Sweden. Yes, they all have social safety nets, but their economies differ. So what is Europe? Is the current issue a monetary issue, an economic issue or a...