And people wonder why I put not my faith in hard currency. That's some wicked inflation on the silver dollar there... And it didn't take a Federal Reserve Bank to do it, just a commodities market.
The situation complicated, of course, by the fact that much of the volatility in the silver and gold markets comes from people buying to hedge against the Federal Reserve's inflationary policies... ;)
I'm long winded. Getting my thoughts down to a punchier, more digestible form is an ongoing goal, and one I practice with varying degrees of success in comments to other people's blogs. But this is my house, and here I can stretch out on the couch.
And people wonder why I put not my faith in hard currency. That's some wicked inflation on the silver dollar there... And it didn't take a Federal Reserve Bank to do it, just a commodities market.
ReplyDeleteThe situation complicated, of course, by the fact that much of the volatility in the silver and gold markets comes from people buying to hedge against the Federal Reserve's inflationary policies... ;)
ReplyDeleteCould be a sudden outbreak of werewolves, or a new gold rush. Supply and demand on commodities is uncontrollable. This is Not Good.
ReplyDelete