Thursday, August 18, 2011
Gold Will Crash As Soon As the Economy Stabilizes. But the Government Hasn't Done Anything to Stabilize the Economy ... And So The Economy Won't Recover - And Gold Will Rise - For Years
While I've written complicated 10-factor essays on why gold prices will rise (like this and this), my basic argument for gold is very simple.
People buy gold during periods of volatility, uncertainty, distrust of government and risk aversion. See this, this, this and this.
The governments of the world have done nothing to fix our fundamental economic problems, and so the economy won't stabilizes for many years. See this and this.
Therefore - while there will be corrections (some dramatic) along the way - gold will be in a continuing bull market for years to come.
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