Inflation Deniers Emboldened By Gold's Struggles

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Author	Replies: 4 / Views: 1,895
CCFPress Press Manager United States 1420 Posts	Posted 07/28/2015 3:32 pm Money Metals Exchange - The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the 5th week in a row, are watching deflationists such as Harry Dent and the financial media squawk about the imminent demise of precious metals. We covered the superficial and condescending coverage of the metals markets in the financial press last week. Since then, the financial press has stepped it up even more. In an article that typifies recent mainstream coverage, Matt O'Brien with the Washington Post declared "Gold is Doomed." He tells us just how smart economists such as socialist Paul Krugman are, and just how silly and backwards gold-bugs are for questioning them. While he admires central bankers for adroitly managing monetary policy, he fails to mention they have also been net buyers of gold in recent years. Once again, the focus is entirely on heavy selling in leveraged futures markets, with no mention of huge buying demand in the physical markets. U.S. Mint sales of gold and silver American Eagles - a good proxy for sales of all coins, rounds and bars - surged dramatically in July. Read the Entire Article Report this Post to the Staff

Arthur Daniel Valued Member 57 Posts	Posted 07/28/2015 4:47 pm Thanks for these posts. Report this Post to the Staff
Tim Stroud Pillar of the Community United States 2661 Posts	Posted 07/28/2015 6:51 pm Let them keep squawking!! I love it when silver takes a big price hit because it causes a local short term panic sell off. Even the pawn shop, which is the closest thing to a coin shop I have, was selling newly purchased Morgans at $10 just for the quick flip. Report this Post to the Staff
Boliver Valued Member United States 61 Posts	Posted 07/29/2015 6:08 pm He tells us just how smart economists such as socialist Paul Krugman are. I think the proper name for Paul Krugman would be more in line with a Marxist that started out in youth as a Socialist snob. Just saying. Report this Post to the Staff
EconBrony Valued Member United States 336 Posts	Posted 07/31/2015 9:29 pm Paul Krugman, a socialist? Bit of a stretch. He is strong into Macroeconomic theory and heavily leans towards a neo-keynesian line of thought. However, this does not make him a socialist per se. That being said, I do not agree with many of the things he preaches. He preaches the printing press as the way to solve all our problems like its scripture and we all know of far thats gotten us (deeper and deeper into a world of hurt). All the influence he has seems to have gone to his head too, so that don't help. We can only hope he has a change of heart soon like Keynes did in his later years. Report this Post to the Staff
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