Comments on: Is it too late to jump on the gold bandwagon? — Will gold go to $5,000? http://www.midasoracle.org/2009/11/15/is-it-too-late-to-jump-on-the-gold-bandwagon-will-gold-go-to-5000/ Prediction Markets, etc. Thu, 02 Feb 2012 23:13:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jason Ruspini http://www.midasoracle.org/2009/11/15/is-it-too-late-to-jump-on-the-gold-bandwagon-will-gold-go-to-5000/#comment-27407 Jason Ruspini Wed, 18 Nov 2009 00:38:04 +0000 http://www.midasoracle.org/?p=19187#comment-27407 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." 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.”

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