Inflationista after inflationista are putting out articles demanding 'BUY GOLD!', which you should have been doing all along because, with an asset of eternal value, you buy it when no one wants it. So now, the fly boys are on full tout with the nominal price in blue sky territory.Each of these articles mentions the sorry state of the US dollar and its new downward trajectory. Sure, there are highly doable targets down lower and sure the USD is KING WORTHLESS among a world full of worthless paper. I am long gold and the miners, but I also notice that Uncle Buck has not materially punctured the critical 76 level. Yet the inflationistas proclaim it is on a new leg down.
I just find this interesting is all.
