GREY:GPLDF - Post by User
Comment by
Goldbrix54on Jul 25, 2011 11:54am
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Post# 18868778
RE: RE: US Dept crisis comes to a head????
RE: RE: US Dept crisis comes to a head????KingWhatsi wrote:
"...Another guy on there commented that when some kind of a Debt Ceiling solution came out, Gold would pull back but also that Silver would come back even harder than gold. Another stupid idiot's outrageous and obviously WRONG opinion. The nerve of these guys eh?...".
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Alot of those "another guy"s are like most talking heads on TV. The same bunch that said $600.00 gold was not an investment, said it again at $900.00, $1200.00 and $1500.00.
These "heads" forget one important part of economics and business SUPPLY and DEMAND.
Too much FIAT SUPPLY = Little DEMAND for the fiat.
Any Debt Ceiling COMPROMISE means the private bank called the Federal Reserve keeps the Treasury's Printing Presses running high tilt 24 -7 - 365 making fiat. Which means the Money Supply is high and REMAINS HIGH if not going HIGHER.
Even a controlled slow down of FIAT printing may retain prices at current levels.
Check history every hiccup down has been followed by moves UP.
Check the history of the US Great Depression - Commodities suffered the least and recovered the quickest.
The SUPPLY of usds is far greater than DEMAND for usds ( lower case intended).
DYODD,
GB54