Is gold really near all-time highs?

Not in inflation-adjusted terms.  Adjusted for US government reported CPI (CPI-U), the prior high of gold was actually $2,358 in January 1980 in today’s dollars.  And based on a measure of CPI that backs out government accounting gimmicks introduced after 1980 (SGS-CPI), the prior high for gold was as high as $7,150 in today’s dollars.  [...]

Posted: September 28, 2009 by Kevin S. (Global Fiat Currency Crisis)
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Julian Robertson warns of 15-20% interest rates and high inflation

Well respected investor Julian Robertson, Founder and Chairman of Tiger Management, asserted today that the US faces “Armageddon if the Japanese and Chinese don’t buy our debt.” Readers of our commentary know that we couldn’t agree more. U.S. government debt is expected to top $12 ½ trillion this year, over 90% of GDP. Our unfunded [...]

Posted: September 24, 2009 by Dan H. (Fixed Income Bubble)
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