No Tool To Balance Offending Balance Sheets Other Than Gold
QE to Infinity, followed by Gold balancing the balance sheets of the sovereign balance sheet disasters. Just as there is no tool other than QE to feign financial solvency, there is no tool to balance the balance sheet of the offending entities other than Gold. It is just that simple.
Gold will trade at $3500 and higher. Your complaint then will be that I was much too conservative in my price objective. The saying used to be “As goes Motors, so goes the USA,” which in their bankruptcy did prove true.
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