Relativity: What is Physical Gold REALLY Worth?

Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression.


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Food Prices up as Consumers Feel Economic Pinch

Goldman Explains The Imminent Launch Of $1 Trillion In QE 2; Muses On The Dreaded "Double D"

Submitted by Tyler Durden on 08/08/2010 12:08 -0500
Following up on Friday's economic forecast reduction, Goldman's economic team provides an extended analysis validating its dramatic cut to 2011 GDP from 2.5% to 1.9%, and its increase to the unemployment rate from 9.7% to 10.0%. It does so not without a decent bit of gloating: "Our forecast for a significant slowing in the second half of 2010, widely seen as implausible three months ago, is now increasingly accepted." Of course, those reading this blog are fully aware that the fake economic sugar high achieved over the entire past 2 year period is what accountants would consider a non-recurring, one-time item achieved in the face of a deflationary tide, interspersed with ever more desperate attempts by the Fed to stimulate (hyper)inflation. And the closer we get to the imminent realization that as tens of trillions of debt need to be eliminated (and guess what that means for a like amount in underwater equity value) before any form of self-sustaining growth can be achieved, the more likely it becomes that the Fed will commit to the nuclear launch codes which will eventually destroy the US currency, in what many have pegged as hyperinflation for the items we need, and hyperdeflation for the items that nobody really cares about: an outcome which will make the Schrodinger Cat nature of our economy apparent in its final wave function collapse, with the only difference that the US economy is dead in both worlds.

Relativity: What is Physical Gold REALLY Worth?

 

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Gold Is The Asset Choice For A 10 Year Holding Period

posted by Blogger at Marc Faber Blog - 5 hours ago

If Marc Faber had to choose one asset class for the next 10 years it woud be gold. Cash and US treasuries would be be his least preferred decennial investment. US equities would be a reasonable choice for ...

Agricultural Commodities Are Set For Steep Rises

posted by Blogger at Jim Rogers Blog - 5 hours ago

Anybody who's got potentially good agriculture land and good weather is likely to emerge a winner out of this situation because prices of nearly all agricultural commodities are set for steep rises. in Bu...

Does "No Decoupling" Mean Dollar Set To Surge?

"In the house of the wise are stores of choice food and oil, but a foolish man devours all he has."
- Proverbs 21:20