Dollar crash now or crash later. How long can gold be kept in the box?
by Lawrence Williams, MineWeb.com
Commenting on the dollar, the U.S. Fed tapering agenda, the state of the U.S economy and the gold price makes it open season for economists, and would be economists with almost as many different views being expressed as there are commentators. But, broadly, the consensus seems to fall between two camps – those, mostly on the right, who feel that the current economic situation, and the solutions being applied are just a house of cards waiting to come crashing down and, when it does, gold will explode, while those who are mostly more left-inclined will comment that current Fed policy, tapering or no, is the only way of saving the U.S. (and the world) economy and that Ben Bernanke et al have rescued us from a recession at least as deep as that of the 1930s.
To this non-economist (an engineer by background, which does at least suggest a pragmatic outlook) both sides may well have a point. (It may also be because my star sign is Libra for which astrologists suggest that one sees both sides of any argument).
