The relative value of gold to paper will grow. The Russians have started the default game. Our Professor von Braun speaks of the importance of cash flow and what is going on in the credit world of today. The axeman is coming. The axeman means defaults.
Defaults mean paper that was good one day can disappear the next .
Gold and silver will not do that. In that environment, gold and silver will be more much highly valued than today. Psychology about owning gold will change very quickly. It will not be sold so readily by central bankers in the near future, nor lent so cheaply at such lowly price levels. One of our guest forum presenters at the Cafe was Blake Joyner.