Zeev's Turnips Patch-No Politics (ZEEV)

[lee kramer]

charlie: Forgive my intrusion, but I'm an intruder. My parents were intruders, their parents were intruders. But you are right, gold HAS outlasted all currencies. You are also right that it can't be printed. Are you right-handed? Anyway, gold, while it can't be printed, can be counterfeited. I have a friend who counterfeits gold rather well. And gold has had some lovely runs; perhaps you recall the jump from $60 to $875? But that was subsequent to a 15 year massive inflation. Now the Fed is inflating the money supply pretty good at the moment. But prices seem not to be rising terribly much. I suspect gold will, once again, move sharply higher. But it might take a while. I'd keep an eye on the General Level of Prices for a clue to when gold may run. Right now gold doesn't look all that good.