Saturday, 21 February 2009

Hyperinflation And Phantom Finance

click here to go to the blogThe world is going mad. The gold price briefly touches $1000 yesterday, and yet demand for the metal is collapsing, other than that is, in Gold Exchange Traded Funds (ETFs), which claim to hold tonnes of the metal in warehouses of unspecified location. Yet they refuse to permit anyone, even their own auditors, to see any real metal. The reason the ETFs .... claim that people should be buying phantom gold is the threat from a sister phantom - 'hyperinflation'.

Posted on The Tap Blog