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Tuesday, February 9, 2010

Gold: The Doomsdayers Favorite

If you watch enough television, you've probably seen an ad like this.

It's not merely your imagination. Gold is becoming a sort of pseudo cult investment. That's because there's a segment of the population that believes we have a crisis because of out of control government. They believe this government is using the crisis to make dramatic changes in our society and this will expand the government eponentially.

Exponential government growth means exponentially growth in government spending. That means expanded deficits. One way or another, that leads to massive weakness in our currency. That, in turn, strengthens Gold. So, gold has become a sort of cult like investment.

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