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To: SaxxonWoods
I’m not sure why people seem to long for hyperinflation, but they do.

Most don't start out that way. Economic uncertainty drove them to purchase gold, silver, etcetera. They want their investments to do well. Apocalyptic economic prognostications begin to appeal.

It's a slow process, morphing into the stereotype that is derided as a "gold bug" in certain quarters. And, it's a pity, watching it happen to otherwise sane and steady people. That's not to say that an investment in precious metals hasn't been a good one since the start of this decade, far from it. But, that doesn't appear to be enough for some.

So, we get gold porn like this, coming oddly enough from people looking to sell gold. I waver back and forth. I have some precious metals myself, and am glad it's paying off. But, I don't think I'll be dancing in the streets if it rapidly quintupled in value because of some dire economic development. I'll have big problems in that eventuality, that a vastly more valuable investment won't solve. And, so will everybody else. It's nothing to cheer about.

33 posted on 10/30/2010 8:34:30 PM PDT by RegulatorCountry
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To: RegulatorCountry

Well said.


39 posted on 10/30/2010 11:33:22 PM PDT by SaxxonWoods (Gone Galt and loving it)
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