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BOJ "money printing" explosion, North Korea threatening nukes and gold goes down!
I wonder how Schiff, John Paulson and the other gold bugs are feeling right now? Gold down to $1540 even as the Bank of Japan announce new QE and North Korea threatens a nuke attack!
Given the current climate, in the unlikely event that NKorea fires off some missiles I reckon that US Navy missile defense destroyers will engage in some target practice.
Even better . . . Simon Johnson argues for the gold standard, and says that if there isn’t enough gold, we should use iron pyrite, often known as “fool’s gold”. See:
6 comments:
Missles setup on the korean coast and gold falls. Shouldn't people be loading their bunkers with gold coins about now?
Given the current climate, in the unlikely event that NKorea fires off some missiles I reckon that US Navy missile defense destroyers will engage in some target practice.
Even better . . . Simon Johnson argues for the gold standard, and says that if there isn’t enough gold, we should use iron pyrite, often known as “fool’s gold”. See:
http://baselinescenario.com/2013/04/01/go-for-gold/
I’m a fan of Simon Johnson’s, but on this particular occasion, the word “fool” seems strangely appropriate.
As long as the US economy appears in the short run to be improving, I don't see any run up in gold or silver.
http://www.freep.com/article/20130404/BUSINESS06/304040181/Young-metro-Detroit-couples-buying-big-pricey-starter-homes
QE isn't really deficit expansion, so the monetary base is not increasing.
Matt : Isn't QE just left pocket right pocket rig-a-ma-roll ?
You got it Goog! Short and sweet.
rsp,
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