Zeev's Turnips Patch-No Politics (ZEEV)

[dvdmogul]

This is a long piece by Russell, I counted at least 5 Bottom lines, but this one stood out the most;
"Your biggest position should be in US dollars now, with gold basically owned for insurance purposes. In the end, if we do get "out-of-control" deflation the very validity of the dollar and all paper money may come into question, at which point gold would be the only place to be."

If this guy really believes this, than he is simply not worth reading anymore. The obvious contradiction which negates his surmise is this;

Gold as it is today; can not be considered as a replacement for dollars based on the fact of Supply and demand. Gold has many uses but this persistant belief it can function as a replacement or offset to currency, is ludicrus.

To illustrate this fact just know this; The GE corporations total transactions over the course of a single 18 month period are larger than the entire Gold market.

If you do not understand what this fact means, try, try, try, again. You need to Reboot.