Betting with gold against a fiat currency in the hands of politicians is the biggest no-brainer on the planet! Whee! This investing stuff is easy!
I absolutely agree with that.
Now, someone wrote that if the bail out FAILS tomorrow, then gold will RISE. You think so, eh? You coul be right but recent evidence suggests NOT.
Many expected a flight to gold on Sept 29th, the first time the Senate FAILED to pass the bail out.
Apparently you have NOT looked at the gold charts for Sept 29 -> 30, to see what actually happened.
Gold did NOT rise in response to bail out failing in the Senate.
I think the only way gold rises against accelarating deflationary pressures is IF we have real signs of total financial meltdown (beyond what we’ve already seen) and that scares everyone so deeply they run to gold.
