COMMENT: Thanks in your sincere evaluation of gold. Every time somebody talks about gold and inflation, they don’t seem to be correct analysts however mouth the identical propaganda that has been prevalent because the fall of Bretton Woods. I mentioned this with our economics division, and so they mentioned you might be right. The amount of cash concept has change into irrelevant. It has rallied into March, as Socrates projected.
Nicely achieved.
Dirk
REPLY: Sure, I get increasingly requests from universities world wide that they know what they train now not works. It might be simpler to clarify how issues work than it’s to get folks to ignore what they’ve been taught. I’ve proposals now. They wish to translate the books I’ve written into Italian, German, and Spanish, only for starters, to be taught in colleges world wide. The gold-only crowd consistently preaches the identical factor. Oh, the debt is rising, and the cash provide is increasing, so however gold.
Nicely, gold reached #875 in 1980, and the Nationwide Debt was $1 trillion. If gold responded to debt or inflation, why is it not at $30,000 as an alternative of testing $3,000? When will they begin to report the reality behind what gold is all about? They burn so many individuals as a result of what they put out is a faith, not evaluation.
Nothing goes up for everybody, and nothing goes down perpetually. There may be NO STORE OF VALUE as a result of all the things rises and falls. They don’t even perceive that when gold is cash, it too rises and falls as a result of it’s on the alternative aspect of the size with property on the opposite aspect.
Simply have a look at the all of the panics throughout the nineteenth century. Gold declined in buying energy into the booms and rose throughout the declines, simply because the greenback does in the present day. We name it money is king.
