What Are You Doing Right Now? (174 Viewers)
- Thread starter ßöмßäяðîëя
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Maybe yes, maybe no. But one thing is for sure: India will be sitting pretty if the possible (probable, IMO) hyperinflationary period runs its course, which could happen by the end of 2009. India has approximately 18% of the world's Gold, a commodity that currently looks very appetizing right now due to all of the paper money being flooded into the system. If hyperinflation is on the cards, India's people may be some of the richest in the world!
@ that one guy who always got paranoid
OP
OP
Indeed, the gold standard is long gone. But in a hyper-inflationary period where paper money is devaluing and hard assets are appreciating, gold not only acts as a bargaining chip, but also something that holds value and appreciates in value. People are starting to want to put their money in gold again today, but the reason why the price doesn't reflect it is because of the "paper" gold market on the COMEX where they are keeping the price down.
But rumor has it people will demand delivery of their gold at the COMEX and the latter will fail on some deliveries because they don't have enough in stock and will not be able to get it elsewhere. :jvefan:
But rumor has it people will demand delivery of their gold at the COMEX and the latter will fail on some deliveries because they don't have enough in stock and will not be able to get it elsewhere. :jvefan:
@ Ze:
I'm good.
My article basically sums up the problems with consumer driven economics in an age where subsistence would be a more reliable long term goal. I also discuss the problems with the western notion that the developing world should aim for a sustainable, less consumptive future while the west continues to live like it always has. After all western nations are the example for industrial and post industrial success, though our examples aren't the kindest to the environment or poor people. Then I go on to discuss GDP as an incomplete measurement of human well being. Though I am a fan of GDP as a measure of affluence. Typical environmental article. I'll probably throw in something a little edge to give the hippies a rise.
I'm good.
My article basically sums up the problems with consumer driven economics in an age where subsistence would be a more reliable long term goal. I also discuss the problems with the western notion that the developing world should aim for a sustainable, less consumptive future while the west continues to live like it always has. After all western nations are the example for industrial and post industrial success, though our examples aren't the kindest to the environment or poor people. Then I go on to discuss GDP as an incomplete measurement of human well being. Though I am a fan of GDP as a measure of affluence. Typical environmental article. I'll probably throw in something a little edge to give the hippies a rise.
