10-12-2010, 01:39 PM
Grieve Wrote:The point is not that gold is in short supply, or that armaggeddon is coming. It's that all around the world the printing presses are in overdrive, resulting in devaluation of currencies. If there is the same amount of gold but more dollars out there, the gold will be worth more when measured in dollars. Same for all commodities. Metals, grains, oil, gas...everything.
I went back and forth between gold (or gold miners) and grains (or potash companies)...I think both will be great investments in the long term. This gold play is more based on QE2 hopes.
If that's the only argument though, then why not just load up on TIPS?
"Hamilton is really a Colossus to the anti republican party. Without numbers he is an host within himself. They have got themselves into a defile where they might be finished but too much security on the republican part will give time to his talents and indefatigableness to extricate them. We have had only middling performances to oppose to him. In truth when he comes forward there is nobody but yourself who can meet him. His adversaries having begun the attack he has the advantage of answering them and remains unanswered himself. For God's sake take up your pen and give a fundamental reply to Curtius and Camillas" - Thomas Jefferson to James Madison