While I am not surprised at gold's gain these last ten years, I'll confess to being mystified as to why gold's gain has been so SMALL. That's right - mystified. Flabbergasted. Stunned.
It should be OBVIOUS by now to a good sized chunk of the world's IQ 100+ population that when every country can print money without limit, every country will try to do so - as quickly and dramatically as it thinks it can get away with.
It should be OBVIOUS that those who crank up their printing presses first benefit the most (in that they get to spend the new money before prices, particularly the prices of other currencies, have a chance to adjust.)
It should be OBVIOUS that pricing stability cannot be sustained under such a system.
And it should be OBVIOUS that as things come to a head, momentum builds - as it does toward the end of every pyramid scheme. The associated problems do not dwindle; they escalate.
The economy only deteriorates from here. Day by day. Month after month. Year after year.
There isn't very much gold. Not, at least, relative to how much fiat money there is and gold's current price. So, why is gold still this cheap?
I am utterly perplexed by this. Are other people protecting themselves through mechanisms besides PM? If so, what other mechanisms? I've been racking my brain over this for quite a few years and would love to know. I don't see very many realistic alternatives to fiat money. Land and PM are about it. Other assets either deteriorate, can't be stored in quantity, or are ultimately dependent on fiat money (stocks, bonds, other currencies, etc.)
| 
