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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Message: gold
Posted: Aug 10 2010 By: Jim Sinclair Post Edited: August 10, 2010 at 4:23 pm
Filed under: General Editorial
Dear CIGAs,
In support of the hyperinflation thesis outlined by the three teaching illustrations:
Under a situation from the European view in 1931, the only thing to survive was tangible assets. This is not merely gold, but shares in corporations with tangible assets. Velocity is always the key for as it declines due to people then hoarding money, you get deflation. When people are afraid money will become worthless (paper of debased coinage) they spend it faster before it depreciates and that creates hyperinflation. It all depends where confidence stands – with government or within the private sector. We are headed into the later.
Martin Armstrong.
“Staring into the Abyss”
July 31st 2010
Posted: Aug 10 2010 By: Dan Norcini Post Edited: August 10, 2010 at 4:20 pm
Filed under: Trader Dan Norcini
Dear CIGAs,
Click chart to enlarge this afternoon’s reaction in Gold to this afternoon’s Fed announcement
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