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Gold and Paper 1951 – 2016


 -- Published: Friday, 18 March 2016 | Print  | Disqus 

———   Argentina:  1951   ——— 

2006_AE_Gold_Bullion_Hi-Res_Obv 

=        117    

     E-5 Pesos1952

Argentinian 5 Peso notes

*****

But after government meddling and central bank printing … 65 years later:

———   Argentina:  2016   ———

2006_AE_Gold_Bullion_Hi-Res_Obv 

=        20,000,000,000,000,000

E-5 Pesos1952

Argentinian 5 Peso notes

(After adjusting for the 10 trillion to one devaluations in the past 50 years.)

———   United States:  1951   ———

2006_AE_Gold_Bullion_Hi-Res_Obv

= 7

U.S. 5 Dollar notes

E-5 Dollar1950

*****

But after government meddling and central bank printing … 65 years later

———   United States:  2016   ———

2006_AE_Gold_Bullion_Hi-Res_Obv

=        250

U.S. 5 Dollar notes

E-5Dollar2015

From Raymond Chandler in “The Long Goodbye:”

“There is no trap so deadly as the trap you set for yourself.”  (Think deficit spending, central banking, QE, and “printing money.”)

Images that come to mind are:

E-printing press

E-Skull_and_crossbones_2

Future Possibilities for dollars/euros/pounds/yen:

  • More debt, “money printing,” central bank desperation, currency devaluations, QE, and more of the same failed policies –  will produce higher gold prices.
  • Inflationary blow-off and gold prices go astronomical in devalued currencies, as they have in many other countries in the past century.
  • Deflationary depression, tens or hundreds of $Trillions of debt defaults that make the 1930s look like a “walk in the park” by comparison to the “Greater Depression.” Gold prices are … unpredictable.
  • The dollar is gradually replaced by some other currency – a Special Drawing Right (IMF), a gold backed “something,” a digital currency, something new, or:

2006_AE_Gold_Bullion_Hi-Res_Obv

From:  Pierre Lassonde:

“… very sure the five-year bear market for gold is over”  …  “gold could surge to $8,000 an ounce or even higher…” 

Gary Christenson

The Deviant Investor


| Digg This Article
 -- Published: Friday, 18 March 2016 | E-Mail  | Print  | Source: GoldSeek.com

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