RE: Economist states case for raising interest raI don't think we need the collapse of fiat system....what is really needed is inflation in the US.
I haven't really looked into it but still don't know why people in Argentina and Brazil weren't buying gold over the past two years.
Gold would have protected,,,indeed increased their wealth in the midst of thier currency crisis. It is that kind of situation that gold is perfect for
World gold council keeps yakking about "marketing"...what they should really be looking at is DISTRIBUTION....if gold coins were on display at banks...or even fine jewelry stores...physical demand would be through the roof.gold sells itself...but people have to SEE the gold.hold it in their hands..right now the biggest obstacle to gold buying may be nothing more complicated than "inconvenience"
Maybe when Japanese markets hit bottom and they can no longer suppress yen strength the USD will really crack? (although lately it seems that they buy gold when thier yen weakens rather than vica versa...and it seems to me the right trade is to buy gold when your currency is strong and then reconvert when it weak....