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Lapel, In | Personally, I think gold has very little to do with the economic turmoil of the world. Quite simply it is a matter of who can produce at the lowest cost and right now that is China and India. Its a matter of industry and sales seeking the least cost producer and nothing will change until our production standards come somewhere near matching these two countries in particular. And that will be a long and painful period for the more developed countries of the world( not just the U.S.A.) to endure.We are talking about a world wide economic imbalance righting itself.( Buy farmland at any price today.)Farmers have always been considered the peons of the world along with the third world countries, but that is rapidly changing. A good analogy is kind of like a lake turning over. | |
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An interesting perspective about a gold standard
