People have been conditioned in the western world to frown upon rising food prices and energy prices yet crave after higher housing prices or stock prices.
I prefer the Jim Rogers point of view:
Sometimes the paper pushers rule, sometimes those who really make someting rule.
Ive always said...
Governments should ease pressure on food and energy prices by encouraging precious metal investing.
Although I must admit I'm not entirely unbiased here.
Also, I was thinking....
Out of these last 10 years only 3 months didnt pay off being long oil....
That's...
This Euro strength is truly harmfull for my goldexposure.
I thought a strengthening USD would offset some of the losses should gold correct but I never really considered the Euro to rise stronger then gold itself...
It's the same actually.
Say you have 1000 banks and 500 of them are allowed to fail.
Free markets.
Say you have 1000 banks and none of them are allowed to fail through inflation.
Money drops in value by 50%.
Both of them hit as many people as the other and there is no pain...