Posted on 11/24/2009 7:49:37 AM PST by dollarbull
Since up is down and left is right in an anchorless fiat currency world, one must keep a perspective on things. As a Gold investor, I am not exactly bullish on the U.S. Dollar. However, I also am not bullish on other international paper currencies, either. I wouldn't place faith in the Euro, the British Pound, the Swiss Franc, the Japanese Yen or the Chinese Yuan over the next few years. When the chips are down and the global economy falters, every country now seems to have an endless ability to create more debt and start the party up again - it's like watching synchronized swimming for the damned.
Assets are deflating relative to Gold. This is the missing link of the deflation/inflation game. Prechter is focused on the wrong currency. His theory has already been proven when Gold is used as the measuring currency. I know, I know, only freaky, crazy, tin foil hat-wearing, irrational, hunker down in the bunker Gold bugs could possibly think of Gold as money. I get it, paperbugs, I get it.
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