vincecate wrote:RDRUNR wrote: This might just be the 80's all over again when it went from $1650 to $350oz in 1 year.
This is a generational crisis period and America has really issued too much fiat money during or leading up to the previous 3 generation crisis periods and this seems no different. In 2 of these the paper money became nearly worthless (hyperinflation) and in the 3rd case they only saved the paper money by making ownership of gold illegal.
So it is a generational thing. Time for hyperinflation.
And how do you account for more money being taken out of the system (lost defaulted debt) than has been totally put into the system (QE, part of QE2, etc). Stock markets alone have lost more than the value of what's been printed. Then take the US Housing bust, trillions lost.
Read my post on "visit the German History Museum and learn about Hyperinflation"