RE:RE:RE:RE:AU prices in a nuggetTx Rogers, I applaud your aptitude in taking on a diffiicult subject of Gold as the money. I have to say I was slowly converted into the Gold camp by buying Gold miners and gold.
In fact, I followed smart, future thinking gurus that predicted the Great Recessions and Deflation, and yet, they all eventually failed at their gold prediction of taking off. Hint -- Not those Hyper-Inflation gold bugs. The gurus I read are those sensible ones.
However, what I discovered to my dismay, and these gurus, are that the Central Bankers, the Media, and the people All Around the world, does not care about Integrity, or at least when it comes to Finance.
People are GREEDY, LAZY, and hence, they BEG and approve the Fed, ECB, BoJ, Switz CB, China CB to print free money for buy all kiinds of assets -- Stocks, Real Estate, Corporate Junk Bonds. The Media have their daily sing and praise of Free $$ printing.
Put it this way -- these mass sheeple want FREE Food and FREE ASSET falling from sky. This is why we have not seen any revolt from the people on CB, like the old times the sheeple use Guillotine on CB as they overplayed people's money.
I imagine Gold would only take off once the attitide of mass sheeple change. Until that day, CB print $$ confidently as they know sheeple would accept it FREELY. Comes next Lehman or crisis, you bet Fed, ECB, Switz, etc would print $1 Trillion / month, and up the magnitude till the crisis goes away. Ha!
As Janet proudly and Confidently claim -- No More Financial Crisis in her life time. Because Sheeple are in it. Free Food, Free Assets from Sky.
What you think can change this scenario, ever?