Goldtent TA Paradise

Alasdair MacLeod

1. Fullgoldcrown says:

   April 10, 2020 - 7:40 pm at 7:40 pm

   A lot of that is over my head….the mechanisms etc

   But his point is Plungers point

   Run away inflation….the Von Mises Final Crack Up Boom.

   This is pure Austrian Economics .

   I don’t know if this will happen …but it is playing out as envisioned …as they say all fiat ends this way

   Gold of course is the benefactor in this scenario.

   How long will it take to play out ?

   Nobody knows….could be swift ….as the danger from the virus fades and everything opens up again…there will be a lot of money chasing fewer goods .

   Will there be enough capacity to rev things up and meet demand ?

   “Economics is the scientific study of the ownership, use, and exchange of scarce resources – often shortened to the science of scarcity. Economics is regarded as a social science because it uses scientific methods to build theories that can help explain the behaviour of individuals, groups and organisations.

   But a Science where there are So many moving parts that everyone is always wrong 🙂

   All I can say is I don’t know what will happen…and anyone who says he does…well….”Uncertainty is an uncomfortable state of being but certainty is Absurd…Voltaire

   • Patrick says:

     April 10, 2020 - 8:08 pm at 8:08 pm

     Thanks! I’ trying to figure out a scenario where gold crashes… I’m learning soo much these days… one questions leads to two more…