[peterb]

In recent history. 1980 to 2002, gold didnt do too well, but I think we had strong inflation through that period. Gold’s a good play when the credit markets go into stress mode. That’s why it’s holding near it’s high at this time when all other assets have crashed and rebounded a little. I dont think it will go much higher or stay there if it did. But it doesnt need to as long all other asset classes come down hard. Again, it’s relative strength analysis that matters. I dont think the market is about growth now, it’s about safety and liquidity due to years of credit abuse and historical debt levels that are now not sustainable. But I completely agree with Arraya. Dont fight the party, join it. Just dont stay too long. Beats working for a living.

[peterb]

In recent history. 1980 to 2002, gold didnt do too well, but I think we had strong inflation through that period. Gold’s a good play when the credit markets go into stress mode. That’s why it’s holding near it’s high at this time when all other assets have crashed and rebounded a little. I dont think it will go much higher or stay there if it did. But it doesnt need to as long all other asset classes come down hard. Again, it’s relative strength analysis that matters. I dont think the market is about growth now, it’s about safety and liquidity due to years of credit abuse and historical debt levels that are now not sustainable. But I completely agree with Arraya. Dont fight the party, join it. Just dont stay too long. Beats working for a living.

[peterb]

In recent history. 1980 to 2002, gold didnt do too well, but I think we had strong inflation through that period. Gold’s a good play when the credit markets go into stress mode. That’s why it’s holding near it’s high at this time when all other assets have crashed and rebounded a little. I dont think it will go much higher or stay there if it did. But it doesnt need to as long all other asset classes come down hard. Again, it’s relative strength analysis that matters. I dont think the market is about growth now, it’s about safety and liquidity due to years of credit abuse and historical debt levels that are now not sustainable. But I completely agree with Arraya. Dont fight the party, join it. Just dont stay too long. Beats working for a living.

[peterb]

In recent history. 1980 to 2002, gold didnt do too well, but I think we had strong inflation through that period. Gold’s a good play when the credit markets go into stress mode. That’s why it’s holding near it’s high at this time when all other assets have crashed and rebounded a little. I dont think it will go much higher or stay there if it did. But it doesnt need to as long all other asset classes come down hard. Again, it’s relative strength analysis that matters. I dont think the market is about growth now, it’s about safety and liquidity due to years of credit abuse and historical debt levels that are now not sustainable. But I completely agree with Arraya. Dont fight the party, join it. Just dont stay too long. Beats working for a living.

[peterb]

Gold’s been used as money for a long time throughout history, around the world. When fiats fail, they tend to come back to gold. There’s a lot documentation on this. Sure, there are times when there’s some other asset that’s out performing gold. But when the economic climate starts getting sketchy, it’s relative strength is increased. Everything has some kind of purchasing power. So measuring items against a similar group may be a more useful method of determining value. Gold/CRB is one way to calculate it’s real value.
My point about venetian bonds and silk is that they were at sometime in the past an outperforming asset to gold. But today we speak of gold. And we have for many centuries, off and on. Eventhough all kinds of things have come and gone from percieved value.

[peterb]

Gold’s been used as money for a long time throughout history, around the world. When fiats fail, they tend to come back to gold. There’s a lot documentation on this. Sure, there are times when there’s some other asset that’s out performing gold. But when the economic climate starts getting sketchy, it’s relative strength is increased. Everything has some kind of purchasing power. So measuring items against a similar group may be a more useful method of determining value. Gold/CRB is one way to calculate it’s real value.
My point about venetian bonds and silk is that they were at sometime in the past an outperforming asset to gold. But today we speak of gold. And we have for many centuries, off and on. Eventhough all kinds of things have come and gone from percieved value.

[peterb]

Gold’s been used as money for a long time throughout history, around the world. When fiats fail, they tend to come back to gold. There’s a lot documentation on this. Sure, there are times when there’s some other asset that’s out performing gold. But when the economic climate starts getting sketchy, it’s relative strength is increased. Everything has some kind of purchasing power. So measuring items against a similar group may be a more useful method of determining value. Gold/CRB is one way to calculate it’s real value.
My point about venetian bonds and silk is that they were at sometime in the past an outperforming asset to gold. But today we speak of gold. And we have for many centuries, off and on. Eventhough all kinds of things have come and gone from percieved value.

[peterb]

Gold’s been used as money for a long time throughout history, around the world. When fiats fail, they tend to come back to gold. There’s a lot documentation on this. Sure, there are times when there’s some other asset that’s out performing gold. But when the economic climate starts getting sketchy, it’s relative strength is increased. Everything has some kind of purchasing power. So measuring items against a similar group may be a more useful method of determining value. Gold/CRB is one way to calculate it’s real value.
My point about venetian bonds and silk is that they were at sometime in the past an outperforming asset to gold. But today we speak of gold. And we have for many centuries, off and on. Eventhough all kinds of things have come and gone from percieved value.

[peterb]

Gold’s been used as money for a long time throughout history, around the world. When fiats fail, they tend to come back to gold. There’s a lot documentation on this. Sure, there are times when there’s some other asset that’s out performing gold. But when the economic climate starts getting sketchy, it’s relative strength is increased. Everything has some kind of purchasing power. So measuring items against a similar group may be a more useful method of determining value. Gold/CRB is one way to calculate it’s real value.
My point about venetian bonds and silk is that they were at sometime in the past an outperforming asset to gold. But today we speak of gold. And we have for many centuries, off and on. Eventhough all kinds of things have come and gone from percieved value.

[peterb]

Venetian Bonds and silk, yeah that’s got staying power.

[peterb]

Venetian Bonds and silk, yeah that’s got staying power.

[peterb]

Venetian Bonds and silk, yeah that’s got staying power.

[peterb]

Venetian Bonds and silk, yeah that’s got staying power.

[peterb]

Venetian Bonds and silk, yeah that’s got staying power.

[peterb]

Data and history overwhelmingly make gold real money and a store of value. I dont even care much for the stuff, but I wont go against a track record of such strength. The only time a currency has had a solid long track record is when it’s tied to gold. Fiats end-up being abused by the govts that issue them. And that’s that. It’s what humans do to eachother. Gold puts hand-cuffs on this behavior and it’s why govt seeking more power tend to go off gold standards.

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