http://ftalphaville.ft.com/blog/2008/12/09/50227/the-gold-backwardation-theory/
Gold, shiny and loved. Sorry I agree with the post that we are not at the point that gold is not for sale. Just not true. Yes things are bad, Yes the printing presses are running 24/7. yes Fiat currency is crazy. Yes some day hyper inflation will be a problem. But it will not look like it does today. Things take time to play out.
Tuesday, December 9, 2008
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