Wednesday, 7 September 2011

Everyone wants to export more. Thus, gold will still rise.

Every country on the planet wants to increase exports although it's mathematically impossible. (China, US, Brazil, Germany, and so on.)
Lowering  (debasing) the value of the home currency is government's tool to do it.
Gold is the beneficiary.
"I see no reason to believe central banks have ended currency debasement.
Thus I see no reason to believe the run up in gold prices is over".
Mike Shedlock explains in simple words at Global Economic Analysis in the "Beggar Thy Neighbor" section.

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