Antal fekete 2013 post on Gold
Silver fox your reference to Hydra reminded me of this post by Prof Antal Fekete.
WHO SAID THE HYDRA WOULD TAKE IT LYING DOWN
Silver fox your reference to Hydra reminded me of this post by Prof Antal Fekete.
WHO SAID THE HYDRA WOULD TAKE IT LYING DOWN
Your link didn’t open for me. Bikoo, but I think I found the article you referenced anyway. For those interested, here it is:
https://www.thedailybell.com/all-articles/editorials/antal-fekete-who-said-the-hydra-would-take-it-lying-down/
From the article:
“Gold is not the same as frozen pork bellies after all.”
Bikoo – The author argues that the Feds attacks on the gold price are deflationary, not inflationary.
I have argued that the debt our world wallows in is also deflationary. If there is to be a collapse I envision Deflation first, then Hyperinflation. (Therefore my request to Mamare to follow David Hunt’s twitter post concerning a collapse possible in the gold price) That being said we do need to follow where the market takes us, not tell it what it ought to do.
Anyway, here are a few quotes from your link.
QUOTES
From what hole does the evil deflationary wind blow?
Academia and the financial press have utterly failed to recognize the relevance of gold backwardation as regards deflation. They might fret about hyperinflation as a result of unbridled money-printing (euphemism for the monetization of government debt). Yet the real danger is not on the inflationary but on the deflationary front as realized even by Krugman
There is no reason to fear that the Fed is pushing the world into hyper-inflation. In fighting the gold price the Fed unwittingly pushes the world into hyper-deflation.
All the same, it is destroying the dollar and the international monetary and payments system.
END QUOTES
Good article. Thanks, Bikoo99
Real price of gold : Gold /Commodity ratio is highest and just broke out.
If that projecting deflation than deflation is in the cards.
Watch my post on this ratio this weekend.