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<p>[QUOTE="Owle, post: 803865, member: 22004"]I agree with these sentiments. If gold were at $2000, what would happen to the dollar? Think of the U.S. ten years ago when gold was around $300, the budget was balanced, pax Americana prevailed, gas was cheap, employment was high, discontent was low, etc..</p><p><br /></p><p>If Israel launches an unprovoked attack on Iran, if China backs away substantially from U.S. bonds and other debt financing, if a terrorist attack occurs in the West with casualties in the multiple thousands, gold would skyrocket, but at what cost? I think of the humble prophet Jonah who had warned Ninevah that it was going down, and patiently waited for apocalyptic judgment, or the protagonist in Moby Dick, who sees all of his ship mates go to a watery grave, while he alone survived to tell the tale. There is a poetic, almost narcissistic glee for those who survive calamities, but in real life the human sorrow far outweighs such experiences.[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 803865, member: 22004"]I agree with these sentiments. If gold were at $2000, what would happen to the dollar? Think of the U.S. ten years ago when gold was around $300, the budget was balanced, pax Americana prevailed, gas was cheap, employment was high, discontent was low, etc.. If Israel launches an unprovoked attack on Iran, if China backs away substantially from U.S. bonds and other debt financing, if a terrorist attack occurs in the West with casualties in the multiple thousands, gold would skyrocket, but at what cost? I think of the humble prophet Jonah who had warned Ninevah that it was going down, and patiently waited for apocalyptic judgment, or the protagonist in Moby Dick, who sees all of his ship mates go to a watery grave, while he alone survived to tell the tale. There is a poetic, almost narcissistic glee for those who survive calamities, but in real life the human sorrow far outweighs such experiences.[/QUOTE]
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