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HYPERINFLATION WILL DRIVE GOLD TO UNTHINKABLE HEIGHTS
goldswitzerland.com ^ | December 31st, 2010 | by Egon von Greyerz

Posted on 01/01/2011 4:05:00 PM PST by DeaconBenjamin

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To: Fresh Wind

Perhaps their business model (as is common in such businesses) is to sell at 4% over spot and buy at spot.


41 posted on 01/02/2011 4:50:58 PM PST by DeaconBenjamin (A trillion here, a trillion there, soon you're NOT talking real money)
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To: bert
Using this equation, at an inflation rate of 12% existing debt will be halved in 6 years. That is, the burden will gradually disappear and cease to be a problem.

1) Half our debt is still a huge problem;

2) Do you think our creditors will catch on, and bail on our promises to repay (in depreciated currency)?

42 posted on 01/02/2011 5:00:42 PM PST by DeaconBenjamin (A trillion here, a trillion there, soon you're NOT talking real money)
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To: DuncanWaring

Hooooooo! Imonberich!


43 posted on 01/03/2011 5:19:58 PM PST by April Lexington (Study the Constitution so you know what they are taking away!)
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To: April Lexington

Don’t forget the “Jimmy Carter” character on SNL in the late 1970s said “Inflation is your friend. After an extended period of high inflation, we’ll all be millionaires!”.


44 posted on 01/04/2011 7:53:45 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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