TedWeir

Originally Posted by Goldbggr

Gold's new location: Ground Zero "It's all up from here!"

We are watching the formation and coming confirmation that the bottom in gold is in. Inevitably this also means that the world's economy is hitting its head on the ceiling for growth as a result of financial damage.

It is already clear that we cannot get ourselves out of the mess created by our management of the fiat system and its built-in requirement for the type of monetary imbalance that encourages the growth of apparent wealth (like apparent wind if you are a sailor).

Because it is clear that austerity will limit the return to economic health political bodies will opt for the solution that will destroy the value of the debt already held. That solution is inflation. Printing money.
Returning us to the human-shared notion that gold is money. The central banks have been bulking up with gold. China and the US have already planned how the movement will happen in such a way that China will not lose the wealth it presently holds in US dollars. That have been and continue to employ US dollars in the accumulation of gold. They are not alone either...

Read article here.