1) Twice since 1930 one ounce of gold has been equal to one Dow Jones. This occured briefly in 1932 and 1980. It will again in our life times. At what price, we have no idea.
2) Every paper currency has always reverted to its intrinsic value. Zero.
3) The first two central banks of the US failed. The Fed will collapse one day.
You may view our predictions as rash, but they are not. They are based on the extensive study of history and of financial markets. They are near certainties. As death follows life, they too will come to pass!
Wednesday, February 18, 2009
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