Canada's GDP Stalls

[biglentil]

When currency is not backed by tangible hard assets it is not money. Ever since 1971 that is the case and the populace has been hoodwinked. Fiat currency always returns to its intrinsic value, which is even worse than asswipe.

[Rareearth]

ajl
I apologize, my comments were unfair and I do value the diversity of opinions

[macdon02]

Lentil did the bug bite you? The problem with gold is it's only owned by individuals and not institutions. Big money doesn't participate in physical. Then there's the metal detectors at airports and is just impossible to move it across borders. Add in Roosevelt declaring it illegal to own and the precedent that set.... won't argue cash keeps devaluing in buying power, every govt in the world functions on the theory debt will be cheaper to payback in future so why worry about paying it off? Sidenote non farm payrolls at 223000 and the tax cuts are having an effect ...

[biglentil]

Lentil did the bug bite you? The problem with gold is it's only owned by individuals and not institutions. Big money doesn't participate in physical. Then there's the metal detectors at airports and is just impossible to move it across borders. Add in Roosevelt declaring it illegal to own and the precedent that set.... won't argue cash keeps devaluing in buying power, every govt in the world functions on the theory debt will be cheaper to payback in future so why worry about paying it off? Sidenote non farm payrolls at 223000 and the tax cuts are having an effect ...

Central banks around the world have been accumulating and repatriating the phyical metal at the fastest pace in history. They are big money.

[AlbertaFarmer5]

Central banks around the world have been accumulating and repatriating the phyical metal at the fastest pace in history. They are big money.

And how is their track record for timing the market.