muses of the moment

December 10, 2012

Latest Blog Posts from Martin Armstrong dated December 7-8, 2012

Filed under: Gold and Silver Investing, Martin Armstrong, Precious metals — Tags: — totallygroovygirlfriday @ 1:37 pm

Click here for Martin Armstrong’s latest blog post entitled The Markets dated December 7, 2012.

Click here for Martin Armstrong’s latest blog post entitled Regulators Assist Banks In Manipulations dated December 8, 2012.

Click here for Martin Armstrong’s latest blog post entitled Gold Does Not Correlate To Inflation dated December 8, 2012.

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6 Comments »

  1. Re Martin Armstrong, well, yes, gold is insurance, not an investment, but also yes, it is a hedge against inflation. If total units of paper currency are expanded (now going on in a major way) without a corresponding increase in real goods, the paper price of those goods goes UP. Simple mathematics. So long as Bernanke et. al. can keep those new fake pieces of “paper” from bidding for real goods, the inflationary effect is muted. BUT they are still claims on us AND they have the capacity to compete with the Dollars we earn. So, sorry, yes, “printing” massive amounts of unbacked paper currency is inflationary, if not now, then later.

    Comment by Phaedrus — December 10, 2012 @ 3:56 pm

  2. Phaedrus… In a real economy I’d agree with you. In today’s economy almost EVERYTHING is rigged including gold. This is why I can no longer believe the “buy gold” pundits. Their comments are based on an economy that has not existed for quite some time. They have not yet learned that the rules of the game have changed. Remember, the house always wins!

    Comment by MikePhila — December 10, 2012 @ 8:07 pm

  3. I agree that the gold market is suppressed and has been for a very long time. Despite that, gold has gone to $1,700 today from a low of around $300 ten or twelve years ago. I think it’s safe to say that no other asset has afforded such protection against inflation, and I think the money-printing-US debt-buying situation is much worse now than it was only a few years ago. Gold may stutter and probably will continue to be subject to ongoing COMEX raids by the Powers That Be, but I believe a very large possibly swift upward movement in price, in Dollar terms, is inevitable. But I don’t know when. It’s not really about gold, it is about the Dollar and a complete lack of US fiscal and monetary discipline. That in turn is about a thoroughly corrupt political system. There were no effective remedial steps taken, no real reforms put into place, after the 2008 crisis. The powerful have played for time and that is running out.

    Comment by Phaedrus — December 11, 2012 @ 11:46 am

  4. Armstrong says that gold is a hedge against government tom foolery. I agree. However, the government/banks are manipulating the price of gold as well. This could easily go on for another decade. The only time gold will really “float” to the market is once the market completely blows up. Japan has been surviving in their “Two Lost Decades” and my guess is we are going to be looking at the same. The ONLY thing that can blow this up right now is a World War in which countries stop playing the game (primarily China and Russia) … which might be right around the corner.

    Comment by MikePhila — December 11, 2012 @ 1:48 pm

  5. I agree, Mike. However, the only reason Japan has survived is becasue the rest of the globe was doing OK and buying their debt. Now, the entire globe is heavy with debt and/or economic stress of one kind or another. When everyone is poor, you can only trade debt. That is a game of musical chairs with no winner. So gg thinks it is different scene now with a shorter viability. GG thinks the only question is: does it blow up big or is it a controlled implosion. End result is the same.

    gg

    Comment by totallygroovygirlfriday — December 12, 2012 @ 12:18 pm

  6. A big blow up will have significant impact on societies. Riots, wars, starvation, etc.. If it is controlled then it will look similar to what it going on today with much less volitility. Prepare for the worse, pray for the best.

    Comment by MikePhila — December 12, 2012 @ 1:48 pm


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