And neither can governments without tax revenue derived from economic output. Since we are talking about currencies, all they are able to do is print money over and above revenues and hope interest payments stay at zero. In my book, that is a liabilty. The Wall St. shills on this board are so obvious. Lol.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
And neither can governments without tax revenue derived from economic output. Since we are talking about currencies, all they are able to do is print money over and above revenues and hope interest payments stay at zero. In my book, that is a liabilty. The Wall St. shills on this board are so obvious. Lol.
Quote from Larson:
And neither can governments without tax revenue derived from economic output. Since we are talking about currencies, all they are able to do is print money over and above revenues and hope interest payments stay at zero. In my book, that is a liabilty. The Wall St. shills on this board are so obvious. Lol.
There is an opportunity cost of holding gold while you could hold another asset such as treasury bonds. When real interest rates rise, gold will probably go down because the opportunity cost will be higher.
Quote from veritas007:
There is an opportunity cost of holding gold while you could hold another asset such as treasury bonds. When real interest rates rise, gold will probably go down because the opportunity cost will be higher.
Yep. Treasuries are headed for toxic waste status though. I'll pass on those. How times have changed.
Quote from veritas007:
If we start having the CPI increasing wildly like the gold bulls predict
Going by the 1980 CPI calculation it's already running at over 10%.
http://www.shadowstats.com/alternate_data/inflation-charts
Quote from Larson:
And neither can governments without tax revenue derived from economic output. Since we are talking about currencies, all they are able to do is print money over and above revenues and hope interest payments stay at zero. In my book, that is a liabilty. The Wall St. shills on this board are so obvious. Lol.
No argument there. But, that has nothing to do with the fact that gold does have it's own liabilities.
Pretty much anything has a liability attached to it -- after all, there's no such thing as a free lunch.
Quote from Larson:
Yep. Treasuries are headed for toxic waste status though. I'll pass on those. How times have changed.
In a world of fiat currencies it depends on who collapses first.
It's like that story of two hunters being chased by a bear. To avoid being eaten you only have to outrun the other guy, not the bear.