Xeev is a great guy
he just doesnt understand gold and its role versus money and currency
he did not enter into a discussion I attempted politely about the GOLD COVER CLAUSE, which allows for partial backing of the USdollar with gold upon demand
maybe he understands it and refuses to discuss
I sense he refuses to discuss deeper topics unless he can speak down to the other person
he is stuck in conventional thought
he doesnt care to investigate if gold/dollar was suppressed and manipulated
such is not a difficult exercise, which has as its center the gold carry trade, the yen carry trade
next up is the vicious dollar carry trade which will hurt the US economy and hasten the unwinding of the strong dollar insanity
he doesnt focus on commodities, admittedly
he regards GOLD in the "DeMonetized Role", viewing it no differently than forest timber, copper for homes/industry, grains for the dinner table
in that respect, I think he is 180-degrees off
time will bear this out
if Xeev is correct about Gold being a waste of time, a pagan standard, a lifeless metal, demonetized, then why did Gold rise from spring2001 to Jan2002 before the USdollar fell ???
I believe because the Real Rate on Shorterm TBill yield went to zero pronto with the final post-WTC rate cuts
better yet, why is the CRB index rising since spring2001 ???
I believe because paper-based securities are absurdly overvalued, commodities are undervalued, and supply networks for commodities generally have been severely damaged
something is going on with commodities versus financial paper, and this seems to me to be missed by Xeev's usually expert radar
all the references to GOLDEN CALF and IGNORAMI were childish
he is probably frustrated that his arguments are so empty
if I were in his shoes, I would be embarrassed
hey, but what do I know?
I am just an intellectually lazy person attempting in vain to squeeze in time between TV Wrestling and SpiderMan comic books
/ jim
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