Why is Gold Going Up?

[raja]

Re: Why is Gold Going Up?

Thanks! Fixed it. Let me know if you find a second erroneous reference to dollar devaluation among the ~480 references to dollar depreciation.

Well . . . , in addition to the use of "devalution" by EJ in Bear Market Update- Part II, there is a second instance in EJ's article "Debt Deflation Bear Market Update Part I: 2009 Windup - Eric Janszen. I mentioned this in the post above yours.

I don't know if you want to replace this with the term "depreciation" as you did in the first article, or not. But I thought I should call it to your attention in the event that you do . . . .

[ST]

Re: Why is Gold Going Up?

Any ideas? How about Stealth Devaluation or Sneaky Devaluation?
>

Seems to me what you are trying to describe is Complacent Devaluation. Why? because on the narrow point about deficits which bring market forces to exert downward pressure on the dollar, the Fed is not in charge of deficits - they are simply standing aside and choosing not to intervene (as central banks do and do not do as purposes suit); they are not thwarting the ramifications of the structural problems. Certainly there are doing and have done other things to support pro-asset inflation policies, but those are outside the context on this point of devaluation vs. deprecation, even if there exists some causal links.

Therefore, I would say that the non-action is best characterized by complacency. Though, Complacent Devaluation may not be less clunky than the comparison phrase you mentioned and is maybe an oxymoron.

[jk]

Re: Why is Gold Going Up?

do you mean complacent or complicit?

[ST]

Re: Why is Gold Going Up?

on second thought, devaluation implies an action, ....really their just complacent about depreciation. Your implying intent, where perhaps I'm implying exploitation of a situation.

[ST]

Re: Why is Gold Going Up?

complacent - self-satisfaction especially when accompanied by unawareness of actual dangers or deficiencies

more i think about it, less sense it makes though ...

[flintlock]

Re: Why is Gold Going Up?

Nicely said jk. The "either/or paradigm". That seems to be the bullhorn meme, yes?

X2! I have long felt the same way as JK about the either/or way we feel we must always think about issues. Its human nature to want to make things fit our preconceived notions. Its also often politically expedient.

Has the use of the term "meme" itself become a meme? I seem to see it a lot recently.

[flintlock]

Re: Why is Gold Going Up?

gold is going up because the smart peeps are realizing that in the near future, the world will be run with commerce based upon gold rather than the present fiat and FIRE regime. Smart peeps are slowly buying gold. Gold will go up to perhaps US$40K or $200K per ounce and even much more.

Miners are good but not the same as owning physical gold.

And by then we'll be using $20k in paper notes to wipe our butts.

[flintlock]

Re: Why is Gold Going Up?

"Uncalled for metalman. If everyone who disagrees with EJ on something is going to be labeled a troll, it's going to change the character of this forum. I would look at the forums very differently if I thought there were some who were intimidated from expressing a contrary opinion to EJ's or anyone else's. I think this may have already occurred here, and it diminishes the quality of the discussions."

X2. Itulip has become like a slutty date. You can still get something from it, but you'd be embarassed to tell your friends or family.

[jk]

Re: Why is Gold Going Up?

X2. Itulip has become like a slutty date. You can still get something from it, but you'd be embarassed to tell your friends or family.

funny.
using this simile, i guess metalman would be a dominatrix.

[lektrode]

Re: Why is Gold Going Up?

jeeeze.... the things ya walk into round these parts....

[EasternBelle]

Re: Why is Gold Going Up?

I have greatly benefitted from this exchange between raja, jk , metalman, steveaustin etc. In that sense I am grateful to raja for making the other contributors explain ej thesis. The intellectual faculties of so many iTulipers are such, that sometimes it takes these kind of exchanges to bring this down to a level that I can follow, where some members take the time to answer in more detail and bring things to the fore that are important to understand in the context of discourse, like the fallacies in logic.
Thanks for your contributions,
EasternBelle

[raja]

Re: Why is Gold Going Up?

I have greatly benefitted from this exchange between raja, jk , metalman, steveaustin etc. In that sense I am grateful to raja for making the other contributors explain ej thesis. The intellectual faculties of so many iTulipers are such, that sometimes it takes these kind of exchanges to bring this down to a level that I can follow, where some members take the time to answer in more detail and bring things to the fore that are important to understand in the context of discourse, like the fallacies in logic.
Thanks for your contributions,
EasternBelle

Does that mean I'm a troll with a silver lining?