tag:blogger.com,1999:blog-11719208.post7624493800037939340..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Nouriel Roubini doesn't believe in goldTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11719208.post-86962239676431813522009-10-27T08:00:27.340-07:002009-10-27T08:00:27.340-07:00Moin from Germany,
Rosenberg sums it up
Scarcity...Moin from Germany,<br /><br />Rosenberg sums it up<br /><br />Scarcity. That Is The Answer To The Question “Why Gold?” End Of Story ! <br /><br />Back to the gold market. There is an estimated 120,000-140,000 tons of gold above ground. That would equate to roughly $4 trillion. The total amount of U.S. dollars in circulation globally is estimated at $8 trillion, and the total size of the global money supply would thereby be closer to $30 trillion. The size of the world stock market is around $40 trillion. At last count, the total size of the global bond market was north of $80 trillion. The total world derivatives market has been estimated at about $800 trillion, face or nominal value. Hopefully all this places the total value of gold above ground into a certain perspective. <br />So, here is what makes gold so attractive, beyond the fact that it is a hedge against irresponsible fiscal, monetary policies and reckless trade policies, is that relative to fiat currency, bonds and equities, it is scarce.jmfhttps://www.blogger.com/profile/07573793835441139826noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-26495471086047185692009-10-27T04:10:51.862-07:002009-10-27T04:10:51.862-07:00Deflation- THAT explains why every bill I have to ...Deflation- THAT explains why every bill I have to pay- electric, gas, dry cleaner, telephone, food- gets smaller every month!staghoundshttps://www.blogger.com/profile/05976667812875074135noreply@blogger.com