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Is it too late to jump on the gold bandwagon? — Will gold go to $5,000?
This entry was posted in Finance, Financial Markets, The Global Economy and tagged commodities, gold, gold bullions, Jim Rogers, Max Keiser, Peter Schiff, US dollar, US economy. Bookmark the permalink.
One Response to Is it too late to jump on the gold bandwagon? — Will gold go to $5,000?
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In general when people don’t know why something is going up, it keeps going, and I am still hearing a lot of confused chatter on why it is or why it shouldn’t be going up.
You could do worse than listening to Krugman on this one:
http://krugman.blogs.nytimes.com/2009/10/24/adjustment-and-the-dollar/#more-5249
“So, the bottom line: to narrow international imbalances, we need a lower relative price of US output. Because prices are sticky, by far the easiest way to get there is dollar depreciation.”