Sunday, October 22, 2006

I'm With Bloomberg on Gold

Choy Leng Yeong at Bloomberg pretty much sums up my personal position in this article. Look for the dollar to wane as the Fed struggles with a stagnating effect on the economy side and inflationary pressure that won't go away on the other. When in doubt, do nothing. That'll be their motto, I suspect.

"Struggle" [Thanks to for the image.]

Remember my other motto: "You can take gold out of the standard, but you can't take the standard out of gold." I hope I get credit for that little ditty in the history books.


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